Truist Financial Corp Reduces Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Truist Financial Corp trimmed its position in Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 17.8{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,445 shares of the company’s stock after selling 1,397 shares during the period. Truist Financial Corp’s holdings in Marriott Vacations Worldwide were worth $785,000 as of its most recent SEC filing.

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Several other institutional investors have also recently made changes to their positions in the stock. Cibc World Market Inc. raised its stake in shares of Marriott Vacations Worldwide by 3.7{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} in the second quarter. Cibc World Market Inc. now owns 1,919 shares of the company’s stock worth $223,000 after buying an additional 69 shares during the period. Fifth Third Bancorp raised its stake in shares of Marriott Vacations Worldwide by 2.5{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} in the third quarter. Fifth Third Bancorp now owns 3,625 shares of the company’s stock worth $442,000 after buying an additional 89 shares during the period. Ethic Inc. raised its stake in shares of Marriott Vacations Worldwide by 3.7{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} in the first quarter. Ethic Inc. now owns 2,779 shares of the company’s stock worth $438,000 after buying an additional 100 shares during the period. Raymond James & Associates raised its stake in Marriott Vacations Worldwide by 6.0{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} during the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock valued at $316,000 after purchasing an additional 113 shares during the period. Finally, BTC Capital Management Inc. raised its stake in Marriott Vacations Worldwide by 6.1{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} during the 2nd quarter. BTC Capital Management Inc. now owns 2,089 shares of the company’s stock valued at $244,000 after purchasing an additional 120 shares during the period. Institutional investors own 82.81{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} of the company’s stock.

Wall Street Analysts Forecast Growth

VAC has been the topic of several recent analyst reports. Credit Suisse Group decreased their target price on Marriott Vacations Worldwide from $227.00 to $219.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. Truist Financial lifted their target price on Marriott Vacations Worldwide from $202.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 15th. Finally, StockNews.com initiated coverage on Marriott Vacations Worldwide in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, Marriott Vacations Worldwide has an average rating of “Buy” and an average price target of $195.25.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $155.44 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.31 and a quick ratio of 2.70. Marriott Vacations Worldwide Co. has a 1 year low of $110.08 and a 1 year high of $173.44. The stock’s 50 day simple moving average is $142.33 and its two-hundred day simple moving average is $138.67. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 19.14 and a beta of 2.05.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last released its quarterly earnings data on Monday, October 31st. The company reported $3.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.39. Marriott Vacations Worldwide had a return on equity of 15.95{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} and a net margin of 7.97{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be}. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $1.60 EPS. The company’s revenue was up 19.0{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be} compared to the same quarter last year. As a group, equities analysts anticipate that Marriott Vacations Worldwide Co. will post 10.45 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 22nd were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, December 21st. This represents a $2.88 annualized dividend and a dividend yield of 1.85{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be}. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.62. Marriott Vacations Worldwide’s payout ratio is currently 35.47{8ac304f283d9048aa406820cdb3efba1388565cefcdaf9ad6f054e81ea9085be}.

About Marriott Vacations Worldwide

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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.

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