3,423 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,423 shares of the company’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also bought and sold shares of VAC. True Wealth Design LLC purchased a new position in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new position in Marriott Vacations Worldwide during the 3rd quarter valued at $39,000. Blue Trust Inc. raised its holdings in 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 purchasing an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in Marriott Vacations Worldwide in the 4th quarter worth $50,000. Finally, Quarry LP lifted its position 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 purchasing an additional 363 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Morgan Stanley assumed coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Truist Financial increased their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their price target 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. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Two 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $105.67.

Marriott Vacations Worldwide Stock Down 3.3 %

Shares of NYSE:VAC opened at $87.99 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 stock has a fifty day simple moving average of $87.46 and a two-hundred day simple moving average of $82.60. 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 $3.07 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide Increases Dividend

The company 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. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date was Thursday, December 19th. This represents a $3.16 dividend on an annualized basis and a yield of 3.59%. Marriott Vacations Worldwide’s payout ratio is presently 60.19%.

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.