KBC Group NV Has $71,000 Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

KBC Group NV lowered its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 99.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 964 shares of the company’s stock after selling 100,000 shares during the period. KBC Group NV’s holdings in Marriott Vacations Worldwide were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Marriott Vacations Worldwide by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after purchasing an additional 143,074 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Marriott Vacations Worldwide by 20.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,501 shares of the company’s stock valued at $2,645,000 after buying an additional 4,198 shares in the last quarter. Natixis bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at $560,000. Impactive Capital LP acquired a new stake in Marriott Vacations Worldwide during the 1st quarter worth $123,613,000. Finally, Kennedy Capital Management LLC lifted its holdings in Marriott Vacations Worldwide by 15.3% during the first quarter. Kennedy Capital Management LLC now owns 238,280 shares of the company’s stock worth $25,670,000 after acquiring an additional 31,637 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective for the company. Barclays lifted their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Mizuho boosted their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Stifel Nicolaus lowered their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, JMP Securities lowered their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.72.

Marriott Vacations Worldwide Trading Up 2.3 %

Shares of VAC stock opened at $94.07 on Friday. The company has a 50 day moving average of $80.14 and a 200-day moving average of $82.26. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The firm has a market cap of $3.28 billion, a P/E ratio of 17.92, a PEG ratio of 0.81 and a beta of 1.79. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a $0.76 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 3.23%. Marriott Vacations Worldwide’s payout ratio is currently 57.90%.

Insiders Place Their Bets

In related news, insider Jason P. Marino acquired 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.

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.