Rhumbline Advisers Buys 935 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Rhumbline Advisers lifted its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,457 shares of the company’s stock after acquiring an additional 935 shares during the period. Rhumbline Advisers owned 0.27% of Marriott Vacations Worldwide worth $8,572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VAC. True Wealth Design LLC acquired a new stake in shares of Marriott Vacations Worldwide in the third quarter worth $32,000. Capital Performance Advisors LLP bought a new position in Marriott Vacations Worldwide in the 3rd quarter worth $39,000. Blue Trust Inc. lifted its position in Marriott Vacations Worldwide by 130.7% during 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. Brown Lisle Cummings Inc. bought a new stake in Marriott Vacations Worldwide during the fourth quarter valued at about $50,000. Finally, Quarry LP grew its position in shares of Marriott Vacations Worldwide by 81.6% in the third quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after purchasing an additional 363 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VAC shares. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $97.00 to $116.00 in a research report on Friday, December 13th. Truist Financial increased their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus upped their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group raised their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Finally, Mizuho upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $105.50.

Marriott Vacations Worldwide Price Performance

NYSE:VAC opened at $86.80 on Tuesday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The company has a 50-day moving average of $87.11 and a 200-day moving average of $82.93. Marriott Vacations Worldwide Co. has a 52 week low of $67.28 and a 52 week high of $108.57. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is 60.19%.

Marriott Vacations Worldwide Company 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.