2,067 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. bought a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,067 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock worth $38,527,000 after acquiring an additional 33,373 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in Marriott Vacations Worldwide in the 4th quarter worth about $3,920,000. Nordea Investment Management AB grew its position in Marriott Vacations Worldwide by 81.6% in the 4th quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock worth $2,775,000 after purchasing an additional 14,646 shares in the last quarter. Aigen Investment Management LP grew its position in Marriott Vacations Worldwide by 53.7% in the 4th quarter. Aigen Investment Management LP now owns 28,672 shares of the company’s stock worth $2,434,000 after purchasing an additional 10,016 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Marriott Vacations Worldwide by 234,864.3% in the 4th quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock worth $5,585,000 after purchasing an additional 65,762 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Down 0.7 %

Marriott Vacations Worldwide stock opened at $84.69 on Friday. Marriott Vacations Worldwide Co. has a twelve month low of $72.78 and a twelve month high of $133.99. The firm has a 50 day moving average price of $94.47 and a 200-day moving average price of $91.61. The company has a market capitalization of $2.98 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.63 and a beta of 1.81. The company has a quick ratio of 2.62, a current ratio of 3.12 and a debt-to-equity ratio of 2.22.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.66 by $0.14. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. Marriott Vacations Worldwide’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $2.54 EPS. As a group, equities analysts predict that Marriott Vacations Worldwide Co. will post 7.65 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.19%.

Analyst Upgrades and Downgrades

VAC has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Stifel Nicolaus upped their price objective on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Mizuho reduced their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average target price of $112.22.

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.