Connor Clark & Lunn Investment Management Ltd. Trims Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,491 shares of the company’s stock after selling 5,157 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Marriott Vacations Worldwide were worth $1,285,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Marriott Vacations Worldwide in the 3rd quarter valued at $39,000. Allspring Global Investments Holdings LLC increased its stake in Marriott Vacations Worldwide by 128.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after buying an additional 366 shares during the period. Venturi Wealth Management LLC raised its position in Marriott Vacations Worldwide by 6,881.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock worth $82,000 after buying an additional 1,101 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter worth $90,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jason P. Marino bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VAC has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. JMP Securities reduced their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group initiated coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective on the stock. Finally, StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.56.

Marriott Vacations Worldwide Stock Down 2.1 %

Marriott Vacations Worldwide stock opened at $96.50 on Wednesday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. The stock’s fifty day moving average is $80.67 and its two-hundred day moving average is $82.04.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders 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 dividend on an annualized basis and a yield of 3.15%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 57.90%.

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.