Marriott Vacations Worldwide Corporation $VAC Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. decreased its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) by 25.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 707,017 shares of the company’s stock after selling 246,120 shares during the quarter. Marriott Vacations Worldwide comprises about 4.9% of New South Capital Management Inc.’s investment portfolio, making the stock its 7th biggest holding. New South Capital Management Inc. owned about 2.06% of Marriott Vacations Worldwide worth $72,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in VAC. Quantinno Capital Management LP boosted its holdings in Marriott Vacations Worldwide by 12.3% in the first quarter. Quantinno Capital Management LP now owns 474,037 shares of the company’s stock worth $30,869,000 after acquiring an additional 52,007 shares in the last quarter. Penn Capital Management Company LLC increased its holdings in shares of Marriott Vacations Worldwide by 23.4% during the third quarter. Penn Capital Management Company LLC now owns 200,801 shares of the company’s stock valued at $20,576,000 after acquiring an additional 38,061 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Marriott Vacations Worldwide during the second quarter valued at $17,975,000. Ancora Advisors LLC purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter worth about $16,002,000. Finally, Bamco Inc. NY purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter worth about $14,751,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the completion of the sale, the insider directly owned 10,821 shares in the company, valued at $1,298,520. The trade was a 18.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christian Asmar sold 750,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the transaction, the director directly owned 3,380,818 shares of the company’s stock, valued at $376,927,398.82. The trade was a 18.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 13.30% of the company’s stock.

Marriott Vacations Worldwide Trading Up 1.4%

Shares of NYSE:VAC opened at $117.25 on Thursday. The company has a market cap of $4.04 billion, a P/E ratio of -15.78, a PEG ratio of 2.47 and a beta of 1.31. The company has a debt-to-equity ratio of 2.55, a current ratio of 3.78 and a quick ratio of 3.18. Marriott Vacations Worldwide Corporation has a 1 year low of $44.58 and a 1 year high of $131.34. The stock’s fifty day moving average price is $107.05 and its 200-day moving average price is $88.41.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, November 4th. The company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.57 by $0.07. Marriott Vacations Worldwide had a positive return on equity of 14.36% and a negative net margin of 4.75%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company earned $1.69 EPS. Marriott Vacations Worldwide’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts expect that Marriott Vacations Worldwide Corporation will post 9.07 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 16th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently -43.07%.

Analyst Ratings Changes

Several analysts recently commented on VAC shares. Deutsche Bank reissued a “buy” rating and set a $134.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday, August 12th. JPMorgan Chase & Co. decreased their target price on shares of Marriott Vacations Worldwide from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday, November 5th. Wall Street Zen raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Wells Fargo & Company dropped their target price on shares of Marriott Vacations Worldwide from $100.00 to $97.00 and set an “underweight” rating on the stock in a research note on Thursday, November 5th. Finally, Truist Financial increased their price target on shares of Marriott Vacations Worldwide from $97.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus price target of $111.91.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation is a global vacation ownership and leisure company. It develops, markets and sells vacation ownership interests, and operates and manages resorts and related vacation programs. Its portfolio includes Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Hyatt Vacation Club and other vacation ownership brands. The company also offers vacation exchange, rental and membership services, including through Interval International. Its resorts and programs serve travelers in destinations across the Americas, the Caribbean, Europe and the Asia-Pacific region.