Prudential Financial Inc. Purchases New Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Prudential Financial Inc. purchased a new position 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 & Exchange Commission. The institutional investor purchased 17,416 shares of the company’s stock, valued at approximately $1,564,000.

Other hedge funds also recently bought and sold shares of the company. Cibc World Market Inc. raised its stake in shares of Marriott Vacations Worldwide by 251.3% during the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock worth $11,977,000 after buying an additional 95,409 shares during the period. Wealthfront Advisers LLC acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth $2,693,000. Principal Financial Group Inc. raised its position in 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 worth $106,140,000 after acquiring an additional 23,380 shares during the period. Ieq Capital LLC lifted its holdings in Marriott Vacations Worldwide by 665.3% during the fourth quarter. Ieq Capital LLC now owns 20,945 shares of the company’s stock valued at $1,881,000 after purchasing an additional 18,208 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $633,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

VAC has been the topic of a number of research reports. Barclays decreased their price target on shares of 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. Mizuho raised their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. 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 price objective for the company. Finally, Truist Financial lowered their target price on shares of 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. Two 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.75.

Marriott Vacations Worldwide Stock Down 3.5 %

Shares of VAC opened at $54.64 on Friday. The stock has a fifty day simple moving average of $76.19 and a two-hundred day simple moving average of $82.23. 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 market capitalization of $1.91 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. 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 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. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

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

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the transaction, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Company 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.