Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC trimmed its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,796 shares of the company’s stock after selling 1,615 shares during the period. Cullen Capital Management LLC’s holdings in Marriott Vacations Worldwide were worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $50,000. Quarry LP increased its position in Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after buying an additional 363 shares in the last quarter. Atala Financial Inc acquired a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth $112,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at $97,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera purchased 650 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the transaction, the insider now owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Trading Down 3.5 %

Shares of VAC opened at $54.64 on Friday. Marriott Vacations Worldwide Co. has a twelve month low of $50.97 and a twelve month high of $104.49. The firm has a market capitalization of $1.89 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The stock’s fifty day simple moving average is $76.19 and its 200 day simple moving average is $82.23.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. On average, equities research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.23%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial dropped their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Barclays decreased their target price on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Mizuho boosted their price target on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. 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 MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and an average price target of $102.75.

Marriott Vacations Worldwide 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.