Federated Hermes Inc. Sells 1,395 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Federated Hermes Inc. lessened its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 17.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,805 shares of the company’s stock after selling 1,395 shares during the period. Federated Hermes Inc.’s holdings in Marriott Vacations Worldwide were worth $594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VAC. Janney Montgomery Scott LLC acquired a new position in Marriott Vacations Worldwide in the fourth quarter valued at approximately $552,000. Norges Bank acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at $31,220,000. Coldstream Capital Management Inc. boosted its stake in Marriott Vacations Worldwide by 17.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,001 shares of the company’s stock worth $255,000 after acquiring an additional 438 shares in the last quarter. Quest Partners LLC acquired a new stake in Marriott Vacations Worldwide in the fourth quarter worth $141,000. Finally, TFO Wealth Partners LLC raised its holdings in shares of Marriott Vacations Worldwide by 61,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after purchasing an additional 1,231 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

VAC has been the subject of a number of research analyst reports. Mizuho decreased their target price on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, June 14th. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective for the company. Barclays lowered their target price on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus decreased their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research note on Friday, September 13th. Finally, Truist Financial dropped their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus price target of $97.45.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $75.22 on Tuesday. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The company has a market cap of $2.65 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.64 and a beta of 1.81. The firm has a 50-day moving average of $75.96 and a 200-day moving average of $87.87. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.89). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. Marriott Vacations Worldwide’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.19 EPS. Equities research analysts forecast that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.19%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the acquisition, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

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.