StockNews.com Upgrades Marriott Vacations Worldwide (NYSE:VAC) to “Hold”

StockNews.com upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a sell rating to a hold rating in a research report report published on Friday.

VAC has been the subject of several other research reports. Stifel Nicolaus dropped their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research note on Friday, September 13th. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Finally, JMP Securities lowered their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.95.

Marriott Vacations Worldwide Stock Down 1.5 %

Marriott Vacations Worldwide stock opened at $94.14 on Friday. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.72 and a current ratio of 3.28. The firm has a 50 day moving average price of $76.48 and a 200 day moving average price of $82.41. The company has a market capitalization of $3.30 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were given a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 3.23%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 57.90%.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino purchased 700 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pathstone Holdings LLC raised its holdings in shares of Marriott Vacations Worldwide by 3.6% in the third quarter. Pathstone Holdings LLC now owns 153,860 shares of the company’s stock valued at $11,306,000 after buying an additional 5,391 shares during the last quarter. Connable Office Inc. raised its holdings in Marriott Vacations Worldwide by 28.6% during the third quarter. Connable Office Inc. now owns 4,447 shares of the company’s stock worth $327,000 after purchasing an additional 990 shares in the last quarter. MQS Management LLC raised its holdings in Marriott Vacations Worldwide by 180.4% during the third quarter. MQS Management LLC now owns 9,260 shares of the company’s stock worth $680,000 after purchasing an additional 5,957 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Marriott Vacations Worldwide by 0.5% during the third quarter. Victory Capital Management Inc. now owns 767,818 shares of the company’s stock worth $56,419,000 after purchasing an additional 3,983 shares in the last quarter. Finally, New South Capital Management Inc. raised its holdings in Marriott Vacations Worldwide by 6.6% during the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after purchasing an additional 22,672 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.