Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Consensus Rating of “Hold” from Brokerages

Marriott Vacations Worldwide Co. (NYSE:VAC) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $98.05.

Several equities analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus dropped their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a report on Friday, September 13th. Barclays increased their target price on 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. Finally, StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

Marriott Vacations Worldwide Trading Down 1.3 %

VAC stock opened at $92.68 on Thursday. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 0.85 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. The firm’s fifty day simple moving average is $77.30 and its two-hundred day simple moving average is $82.43.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 57.90%.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the acquisition, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Marriott Vacations Worldwide by 615.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Marriott Vacations Worldwide in the first quarter valued at approximately $158,000. SageView Advisory Group LLC purchased a new position in Marriott Vacations Worldwide in the first quarter worth $206,000. Picton Mahoney Asset Management acquired a new position in shares of Marriott Vacations Worldwide during the first quarter worth $4,676,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 4.6% during the 1st 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 last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Company 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.