Stifel Financial Corp Acquires 184 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Stifel Financial Corp lifted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 3.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,596 shares of the company’s stock after acquiring an additional 184 shares during the period. Stifel Financial Corp’s holdings in Marriott Vacations Worldwide were worth $411,000 as of its most recent filing with the SEC.

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

Marriott Vacations Worldwide Price Performance

VAC stock opened at $90.63 on Friday. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 0.86 and a beta of 1.84. The company has a 50 day simple moving average of $89.98 and a 200 day simple moving average of $82.32.

Marriott Vacations Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.49%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio is presently 60.19%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $97.00 to $116.00 in a research report on Friday, December 13th. Truist Financial raised their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho upped their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.