Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 3.4% in the 3rd quarter, Holdings Channel reports. The firm owned 82,299 shares of the company’s stock after selling 2,883 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Marriott Vacations Worldwide were worth $6,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Marriott Vacations Worldwide by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock worth $139,687,000 after acquiring an additional 207,938 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Marriott Vacations Worldwide by 0.5% during the third quarter. Victory Capital Management Inc. now owns 767,818 shares of the company’s stock valued at $56,419,000 after buying an additional 3,983 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Marriott Vacations Worldwide by 19.1% during the second quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock valued at $63,059,000 after buying an additional 115,993 shares in the last quarter. New South Capital Management Inc. increased its holdings in shares of Marriott Vacations Worldwide by 6.6% in the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock valued at $26,776,000 after purchasing an additional 22,672 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Marriott Vacations Worldwide by 178.2% in the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after purchasing an additional 227,465 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

VAC has been the topic of a number of research reports. Truist Financial increased their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays raised their target price on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday. Stifel Nicolaus raised their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus price target of $104.11.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $95.50 on Wednesday. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock has a market capitalization of $3.33 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84. The business’s 50-day simple moving average is $85.60 and its 200-day simple moving average is $82.02.

Marriott Vacations Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, December 19th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s payout ratio is 57.90%.

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.