The State of Tennessee Treasury Department Decreases Position in Marriott Vacations Worldwide Corp. (VAC)

The State of Tennessee Treasury Department Decreases Position in Marriott Vacations Worldwide Corp. (VAC)

State of Tennessee Treasury Department reduced its stake in shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,606 shares of the company’s stock after selling 415 shares during the period. State of Tennessee Treasury Department owned 0.07% of Marriott Vacations Worldwide Corp. worth $1,438,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Advisor Group Inc. increased its position in shares of Marriott Vacations Worldwide Corp. by 88.4% in the third quarter. Advisor Group Inc. now owns 2,183 shares of the company’s stock worth $161,000 after buying an additional 1,024 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Marriott Vacations Worldwide Corp. during the third quarter worth approximately $202,000. Ameriprise Financial Inc. increased its position in shares of Marriott Vacations Worldwide Corp. by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 124,683 shares of the company’s stock worth $9,143,000 after buying an additional 1,979 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Marriott Vacations Worldwide Corp. by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,880 shares of the company’s stock worth $577,000 after buying an additional 90 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Marriott Vacations Worldwide Corp. by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 603,366 shares of the company’s stock worth $44,239,000 after buying an additional 9,251 shares during the last quarter. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) traded down 0.31% during midday trading on Thursday, hitting $82.41. The stock had a trading volume of 102,711 shares. The stock has a 50-day moving average price of $84.30 and a 200-day moving average price of $75.38. The stock has a market cap of $2.22 billion, a P/E ratio of 19.96 and a beta of 1.34. Marriott Vacations Worldwide Corp. has a 12-month low of $46.12 and a 12-month high of $89.97.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Thursday, December 22nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.70%. This is a positive change from Marriott Vacations Worldwide Corp.’s previous quarterly dividend of $0.30. Marriott Vacations Worldwide Corp.’s dividend payout ratio is presently 34.06%.

VAC has been the subject of several recent analyst reports. Zacks Investment Research cut Marriott Vacations Worldwide Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Telsey Advisory Group cut their target price on Marriott Vacations Worldwide Corp. from $81.00 to $72.00 and set a “market perform” rating for the company in a research note on Friday, October 14th. Finally, Stifel Nicolaus raised their target price on Marriott Vacations Worldwide Corp. from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Marriott Vacations Worldwide Corp. has an average rating of “Buy” and a consensus target price of $83.17.

Marriott Vacations Worldwide Corp. Company Profile

Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand.

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