Mutual of America Capital Management LLC Reduces Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Mutual of America Capital Management LLC cut its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 71.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,432 shares of the company’s stock after selling 44,001 shares during the period. Mutual of America Capital Management LLC’s holdings in Marriott Vacations Worldwide were worth $1,281,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Marriott Vacations Worldwide by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock worth $351,872,000 after buying an additional 143,074 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Marriott Vacations Worldwide by 20.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 24,501 shares of the company’s stock valued at $2,645,000 after purchasing an additional 4,198 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at about $244,000. Comerica Bank grew its position in shares of Marriott Vacations Worldwide by 50.1% in the first quarter. Comerica Bank now owns 43,401 shares of the company’s stock valued at $4,676,000 after purchasing an additional 14,482 shares during the last quarter. Finally, EMC Capital Management purchased a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $144,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JMP Securities lowered their target price on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Barclays increased their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price for the company. Stifel Nicolaus decreased their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Finally, StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and an average target price of $101.72.

Insider Activity

In other news, insider Jason P. Marino acquired 700 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Trading Up 4.7 %

Shares of VAC stock opened at $98.50 on Tuesday. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57. The firm’s 50-day simple moving average is $80.67 and its 200-day simple moving average is $82.04. The firm has a market cap of $3.44 billion, a P/E ratio of 18.76, a PEG ratio of 0.85 and a beta of 1.79. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a $0.76 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.09%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 57.90%.

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.