Norges Bank Purchases New Shares in Marriott Vacations Worldwide Co. (NYSE:VAC)

Norges Bank acquired a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 352,749 shares of the company’s stock, valued at approximately $31,677,000. Norges Bank owned approximately 1.01% of Marriott Vacations Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in VAC. Blue Trust Inc. lifted its position in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after buying an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $50,000. Quarry LP lifted its position in shares of Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $97,000. Finally, Atala Financial Inc acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $112,000. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

VAC has been the topic of several research reports. Mizuho upped their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. Truist Financial lowered their price objective 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. The Goldman Sachs Group upped their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lowered their price target on shares of 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. Two investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.75.

Marriott Vacations Worldwide Price Performance

VAC opened at $54.64 on Friday. The stock has a market cap of $1.91 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide Co. has a 12 month low of $50.97 and a 12 month high of $104.49. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The company has a fifty day simple moving average of $76.19 and a 200 day simple moving average of $82.23.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results 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. 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 the consensus estimate of $1.24 billion. On average, research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is currently 56.23%.

Insider Activity

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.