State of New Jersey Common Pension Fund D Has $1.74 Million Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

State of New Jersey Common Pension Fund D decreased its position in Marriott Vacations Worldwide Co. (NYSE:VAC) by 32.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,920 shares of the company’s stock after selling 9,537 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Marriott Vacations Worldwide were worth $1,739,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Retirement Systems of Alabama grew its position in Marriott Vacations Worldwide by 0.3% in the first quarter. Retirement Systems of Alabama now owns 41,478 shares of the company’s stock worth $4,468,000 after acquiring an additional 109 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Marriott Vacations Worldwide by 3.0% during the 1st quarter. Diversified Trust Co now owns 3,833 shares of the company’s stock valued at $413,000 after purchasing an additional 112 shares in the last quarter. Covestor Ltd lifted its stake in shares of Marriott Vacations Worldwide by 10.5% in the 1st quarter. Covestor Ltd now owns 1,670 shares of the company’s stock valued at $180,000 after purchasing an additional 159 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Marriott Vacations Worldwide by 1.2% in the first quarter. Yousif Capital Management LLC now owns 15,663 shares of the company’s stock worth $1,687,000 after purchasing an additional 180 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in Marriott Vacations Worldwide by 2.5% during the first quarter. State of Michigan Retirement System now owns 8,113 shares of the company’s stock worth $874,000 after buying an additional 200 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Up 1.2 %

Shares of VAC stock opened at $76.14 on Wednesday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57. The firm’s fifty day simple moving average is $75.67 and its 200 day simple moving average is $87.75. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $2.19 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.99%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Insiders Place Their Bets

In other news, insider Jason P. Marino acquired 700 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VAC. Barclays decreased their price target on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus lowered their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a report on Friday, July 19th. Finally, JMP Securities dropped their target price on shares of 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. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and a consensus target price of $97.45.

About Marriott Vacations Worldwide

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.