KBC Group NV Increases Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

KBC Group NV increased its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,460 shares of the company’s stock after buying an additional 496 shares during the quarter. KBC Group NV’s holdings in Marriott Vacations Worldwide were worth $131,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Verity Asset Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 3.1% in the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after purchasing an additional 131 shares during the last quarter. Stifel Financial Corp grew its position in Marriott Vacations Worldwide by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after purchasing an additional 184 shares in the last quarter. Blue Trust Inc. increased its stake in Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after buying an additional 302 shares during the last quarter. Covestor Ltd lifted its position in shares of Marriott Vacations Worldwide by 32.3% during the 3rd quarter. Covestor Ltd now owns 1,372 shares of the company’s stock worth $101,000 after buying an additional 335 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Marriott Vacations Worldwide by 81.6% in the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after buying an additional 363 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Price Performance

VAC opened at $87.31 on Friday. The firm has a 50-day moving average price of $89.55 and a 200-day moving average price of $82.44. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. 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 company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.66 and a beta of 1.83.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were issued a dividend of $0.79 per share. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. 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 3.62%. Marriott Vacations Worldwide’s payout ratio is presently 60.19%.

Analyst Ratings Changes

VAC has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Mizuho raised their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Truist Financial boosted their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus raised their price objective 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. Finally, StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average target price of $105.67.

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.