Atria Investments Inc Invests $232,000 in Marriott Vacations Worldwide Co. (NYSE:VAC)

Atria Investments Inc bought a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,584 shares of the company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also bought and sold shares of VAC. Blue Trust Inc. increased its holdings in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at $348,000. Hotchkis & Wiley Capital Management LLC raised its holdings in Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after buying an additional 168,130 shares during the last quarter. Cibc World Market Inc. lifted its stake in shares of Marriott Vacations Worldwide by 251.3% in the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock valued at $11,977,000 after buying an additional 95,409 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Marriott Vacations Worldwide by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after buying an additional 23,380 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC opened at $65.47 on Wednesday. Marriott Vacations Worldwide Co. has a 12 month low of $65.43 and a 12 month high of $108.57. 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 market cap of $2.29 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a 50 day moving average of $81.63 and a 200 day moving average of $82.99.

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, topping the consensus estimate of $1.51 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. As a group, sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.79 per share. The ex-dividend date is Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 4.83%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.23%.

Wall Street Analysts Forecast Growth

VAC has been the topic of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Mizuho boosted their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Barclays decreased their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $102.75.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera bought 650 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares of the company’s stock, valued at $628,458.20. The trade was a 8.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

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.