KLP Kapitalforvaltning AS Takes Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

KLP Kapitalforvaltning AS acquired a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,000 shares of the company’s stock, valued at approximately $633,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Cerity Partners LLC raised its stake in Marriott Vacations Worldwide by 167.5% in the 3rd quarter. Cerity Partners LLC now owns 7,739 shares of the company’s stock worth $569,000 after acquiring an additional 4,846 shares during the last quarter. Verition Fund Management LLC grew its stake in Marriott Vacations Worldwide by 483.8% in the 3rd quarter. Verition Fund Management LLC now owns 27,908 shares of the company’s stock valued at $2,051,000 after acquiring an additional 23,128 shares during the period. Holocene Advisors LP increased its stake in shares of Marriott Vacations Worldwide by 71.7% during the third quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock worth $4,609,000 after purchasing an additional 26,199 shares in the last quarter. Readystate Asset Management LP raised its holdings in shares of Marriott Vacations Worldwide by 72.3% during the third quarter. Readystate Asset Management LP now owns 7,958 shares of the company’s stock valued at $585,000 after acquiring an additional 3,340 shares during the last quarter. Finally, Quarry LP raised its stake in Marriott Vacations Worldwide by 81.6% in the 3rd 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VAC. 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 report on Thursday, February 27th. The Goldman Sachs Group lifted their target price 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. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Barclays lowered their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price target for the company. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $102.75.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock opened at $65.63 on Thursday. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 52 week low of $61.86 and a 52 week high of $105.65. The firm’s 50 day moving average is $77.43 and its two-hundred day moving average is $82.47. The firm has a market capitalization of $2.29 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) 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 analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.23%.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the company’s stock in a transaction 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 completion of the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

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.