Sanctuary Advisors LLC Acquires New Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Sanctuary Advisors LLC bought a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 4,731 shares of the company’s stock, valued at approximately $348,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. True Wealth Design LLC acquired a new stake in Marriott Vacations Worldwide during the 3rd quarter worth approximately $32,000. Quarry LP increased its position in shares of Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after acquiring an additional 350 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Marriott Vacations Worldwide during the third quarter worth $39,000. Allspring Global Investments Holdings LLC raised its stake in shares of Marriott Vacations Worldwide by 128.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after acquiring an additional 366 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Marriott Vacations Worldwide by 6,881.3% in the third quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock valued at $82,000 after purchasing an additional 1,101 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $90.63 on Friday. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $3.16 billion, a P/E ratio of 17.26, a PEG ratio of 0.86 and a beta of 1.84. The business has a 50 day simple moving average of $89.98 and a 200-day simple moving average of $82.32. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th will be given a dividend of $0.79 per share. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a yield of 3.49%. The ex-dividend date is Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 60.19%.

Wall Street Analyst Weigh In

VAC has been the subject of a number of recent research reports. Barclays upgraded shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $97.00 to $116.00 in a research note on Friday, December 13th. Stifel Nicolaus lifted their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho increased their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group upped their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.22.

About Marriott Vacations Worldwide

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.