M&T Bank Corp Buys New Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

M&T Bank Corp bought a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,946 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors also recently bought and sold shares of VAC. Hotchkis & Wiley Capital Management LLC boosted its holdings in Marriott Vacations Worldwide by 18.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after acquiring an additional 168,130 shares during the period. Cibc World Market Inc. raised its position in Marriott Vacations Worldwide by 251.3% during the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock valued at $11,977,000 after purchasing an additional 95,409 shares during the last quarter. Holocene Advisors LP raised its position in Marriott Vacations Worldwide by 71.7% during the 3rd quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock valued at $4,609,000 after purchasing an additional 26,199 shares during the last quarter. Principal Financial Group Inc. raised its position in Marriott Vacations Worldwide by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after purchasing an additional 23,380 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in Marriott Vacations Worldwide by 483.8% during the 3rd quarter. Verition Fund Management LLC now owns 27,908 shares of the company’s stock valued at $2,051,000 after purchasing an additional 23,128 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Up 0.2 %

Shares of NYSE:VAC opened at $66.55 on Friday. Marriott Vacations Worldwide Co. has a 52-week low of $65.94 and a 52-week high of $108.57. 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 firm has a market capitalization of $2.32 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.67 and a beta of 1.83. The stock has a 50 day moving average price of $82.39 and a 200-day moving average price of $83.02.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, equities research analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.23%.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the purchase, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on VAC. Truist Financial lowered their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target for the company. Barclays lowered their price target on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus lowered their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Mizuho increased their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.75.

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.