Shayne & Jacobs LLC Sells 240 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Shayne & Jacobs LLC lessened its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,743 shares of the company’s stock after selling 240 shares during the quarter. Shayne & Jacobs LLC’s holdings in Marriott Vacations Worldwide were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Ieq Capital LLC raised its stake in shares of Marriott Vacations Worldwide by 665.3% during the fourth quarter. Ieq Capital LLC now owns 20,945 shares of the company’s stock worth $1,881,000 after acquiring an additional 18,208 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $293,000. Venturi Wealth Management LLC increased its holdings in shares of Marriott Vacations Worldwide by 40.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company’s stock valued at $141,000 after acquiring an additional 455 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Marriott Vacations Worldwide by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after buying an additional 23,380 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Marriott Vacations Worldwide by 1.0% in the fourth quarter. Rhumbline Advisers now owns 95,457 shares of the company’s stock worth $8,572,000 after purchasing an additional 935 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VAC. Stifel Nicolaus increased their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price on the stock. Mizuho raised their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group boosted their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Finally, Truist Financial raised their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $105.88.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock opened at $85.51 on Wednesday. The stock has a 50 day moving average price of $86.94 and a 200-day moving average price of $83.04. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.