Pacer Advisors Inc. Buys 166 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Pacer Advisors Inc. raised its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,404 shares of the company’s stock after purchasing an additional 166 shares during the quarter. Pacer Advisors Inc.’s holdings in Marriott Vacations Worldwide were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide in the third quarter worth about $32,000. Capital Performance Advisors LLP purchased a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at $39,000. Blue Trust Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after acquiring an additional 302 shares during the last quarter. Quarry LP lifted its stake in Marriott Vacations Worldwide by 81.6% in the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings 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 valued at $82,000 after acquiring an additional 1,101 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $84.93 on Tuesday. The firm’s 50 day simple moving average is $90.25 and its 200-day simple moving average is $82.43. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.66 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were paid a $0.79 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.16 dividend on an annualized basis and a yield of 3.72%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 60.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VAC. Stifel Nicolaus upped their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $97.00 to $116.00 in a research report on Friday, December 13th. Mizuho increased their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Truist Financial increased their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $105.67.

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.