Charles Schwab Investment Management Inc. Buys 6,516 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Charles Schwab Investment Management Inc. raised its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,947 shares of the company’s stock after acquiring an additional 6,516 shares during the period. Charles Schwab Investment Management Inc. owned about 0.73% of Marriott Vacations Worldwide worth $22,984,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC bought a new position in Marriott Vacations Worldwide during the 3rd quarter valued at $32,000. Blue Trust Inc. lifted its stake in Marriott Vacations Worldwide by 130.7% during the 4th 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. Brown Lisle Cummings Inc. bought a new position in Marriott Vacations Worldwide during the 4th quarter valued at $50,000. Quarry LP lifted its stake in Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after acquiring an additional 363 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Marriott Vacations Worldwide during the 3rd quarter valued at $97,000. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Trading Down 4.5 %

Shares of Marriott Vacations Worldwide stock opened at $65.47 on Wednesday. Marriott Vacations Worldwide Co. has a 52-week low of $65.43 and a 52-week high of $108.57. The stock’s 50-day simple moving average is $81.63 and its 200 day simple moving average is $82.99. The stock has a market capitalization 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 debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) 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 business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, research analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.23%.

Analyst Ratings Changes

VAC has been the topic of several recent analyst reports. Morgan Stanley assumed coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They set an “underweight” rating and a $87.00 price objective on the stock. Truist Financial lowered their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Barclays lowered their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus lowered their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $102.75.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera bought 650 shares of Marriott Vacations Worldwide stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, with a total value 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. This represents a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by company 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.