Geode Capital Management LLC Buys 672 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Geode Capital Management LLC grew its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 552,548 shares of the company’s stock after purchasing an additional 672 shares during the quarter. Geode Capital Management LLC owned about 1.58% of Marriott Vacations Worldwide worth $40,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp increased its position in shares of Marriott Vacations Worldwide by 3.4% during the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after buying an additional 184 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Marriott Vacations Worldwide by 15.2% during the 3rd quarter. Quantinno Capital Management LP now owns 10,930 shares of the company’s stock worth $803,000 after acquiring an additional 1,444 shares during the period. Quarry LP grew its holdings in shares of Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after acquiring an additional 363 shares during the period. Readystate Asset Management LP raised its position in shares of Marriott Vacations Worldwide by 72.3% in 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 in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Marriott Vacations Worldwide by 18.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after purchasing an additional 168,130 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $91.61 on Wednesday. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 0.86 and a beta of 1.84. The business’s fifty day simple moving average is $89.28 and its two-hundred day simple moving average is $82.18. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 19th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 3.45%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 57.90%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VAC. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $97.00 to $116.00 in a research note on Friday, December 13th. Truist Financial increased their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Mizuho raised their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus boosted their price target on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.22.

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.