Public Employees Retirement System of Ohio Sells 10,716 Shares of Marriott Vacations Worldwide Corporation $VAC

Public Employees Retirement System of Ohio reduced its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report) by 26.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,143 shares of the company’s stock after selling 10,716 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Marriott Vacations Worldwide were worth $2,180,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in Marriott Vacations Worldwide by 136.5% in the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Marriott Vacations Worldwide by 7.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company’s stock worth $246,000 after purchasing an additional 253 shares in the last quarter. Grandview Asset Management LLC raised its holdings in Marriott Vacations Worldwide by 4.5% in the 1st quarter. Grandview Asset Management LLC now owns 6,920 shares of the company’s stock worth $445,000 after purchasing an additional 300 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Marriott Vacations Worldwide by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company’s stock worth $385,000 after purchasing an additional 443 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Marriott Vacations Worldwide by 194.9% in the 2nd quarter. UMB Bank n.a. now owns 690 shares of the company’s stock worth $50,000 after purchasing an additional 456 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.
Get Marriott Vacations Worldwide alerts:
Wall Street Analysts Forecast Growth
Several brokerages have commented on VAC. Morgan Stanley restated an “underweight” rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a “buy” rating in a report on Tuesday, August 5th. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $90.50.
Get Our Latest Stock Report on VAC
Marriott Vacations Worldwide Stock Up 1.5%
Shares of Marriott Vacations Worldwide stock opened at $67.17 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. The company has a 50-day moving average of $75.41 and a 200 day moving average of $69.63. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.96 and a beta of 1.47. Marriott Vacations Worldwide Corporation has a 1 year low of $49.22 and a 1 year high of $100.32.
Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.24. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. Marriott Vacations Worldwide’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.
Marriott Vacations Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Marriott Vacations Worldwide’s dividend payout ratio is 47.52%.
Marriott Vacations Worldwide Profile
(Free Report)
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.
Read More
Five stocks we like better than Marriott Vacations Worldwide
Consumer Staples Stocks, Explained
General Dynamics Hits New Highs: Why It Might Keep Climbing
What Are Dividend Champions? How to Invest in the Champions
Nike’s Turnaround: If the Shoe Fits, Buy It!
How to Profit From Growth Investing
NVIDIA Breaks Out to New Highs: What Comes Next?
Want to see what other hedge funds are holding VAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report).