Sandy Spring Bank Sells 152 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Sandy Spring Bank trimmed its position in Marriott Vacations Worldwide Co. (NYSE:VAC) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,320 shares of the company’s stock after selling 152 shares during the period. Sandy Spring Bank’s holdings in Marriott Vacations Worldwide were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VAC. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 18.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after purchasing an additional 168,130 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 251.3% in the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock valued at $11,977,000 after purchasing an additional 95,409 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $2,693,000. Holocene Advisors LP increased its position in shares of Marriott Vacations Worldwide by 71.7% in the third quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock valued at $4,609,000 after acquiring an additional 26,199 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Marriott Vacations Worldwide by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after acquiring an additional 23,380 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $65.90 on Friday. The business’s 50 day moving average price is $80.55 and its two-hundred day moving average price is $82.72. The company has a market cap of $2.30 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a twelve month low of $63.46 and a twelve month high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is 56.23%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VAC. Truist Financial lowered their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price on the stock. Stifel Nicolaus lowered their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Finally, Mizuho lifted their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $102.75.

Insider Activity

In other news, insider Stephanie Sobeck Butera bought 650 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now owns 8,770 shares of the company’s stock, valued at $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

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.