Vanguard Group Inc. Buys 7,194 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Vanguard Group Inc. boosted its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,227,010 shares of the company’s stock after purchasing an additional 7,194 shares during the period. Vanguard Group Inc. owned about 9.24% of Marriott Vacations Worldwide worth $289,785,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in shares of Marriott Vacations Worldwide by 167.5% during the third quarter. Cerity Partners LLC now owns 7,739 shares of the company’s stock valued at $569,000 after purchasing an additional 4,846 shares in the last quarter. Verition Fund Management LLC boosted 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 worth $2,051,000 after buying an additional 23,128 shares during the period. Readystate Asset Management LP grew its holdings in Marriott Vacations Worldwide by 72.3% during the 3rd quarter. Readystate Asset Management LP now owns 7,958 shares of the company’s stock worth $585,000 after acquiring an additional 3,340 shares during the last quarter. Quarry LP increased its position 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 acquiring an additional 363 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of Marriott Vacations Worldwide by 15.2% during the third quarter. Quantinno Capital Management LP now owns 10,930 shares of the company’s stock valued at $803,000 after acquiring an additional 1,444 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VAC shares. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Barclays decreased their price target on 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. Stifel Nicolaus cut their price objective 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. Mizuho increased their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $102.75.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $54.64 on Friday. The firm has a 50 day moving average of $76.19 and a 200-day moving average of $82.17. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. 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 $50.97 and a 52 week high of $104.49.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. On average, equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.79 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 5.78%. Marriott Vacations Worldwide’s dividend payout ratio is 56.23%.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost 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. The trade was a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is 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.