Nordea Investment Management AB Increases Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Nordea Investment Management AB grew its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,141 shares of the company’s stock after purchasing an additional 1,715 shares during the quarter. Nordea Investment Management AB owned approximately 0.08% of Marriott Vacations Worldwide worth $2,549,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in Marriott Vacations Worldwide during the 3rd quarter valued at approximately $32,000. Quarry LP increased its stake in shares of Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after buying an additional 350 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $39,000. Venturi Wealth Management LLC lifted its stake in Marriott Vacations Worldwide by 6,881.3% in the third quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock worth $82,000 after acquiring an additional 1,101 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Marriott Vacations Worldwide in the third quarter worth $97,000. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $83.29 on Friday. 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 stock has a market cap of $2.91 billion, a P/E ratio of 15.86, a P/E/G ratio of 0.86 and a beta of 1.84. The business’s 50 day moving average price is $91.75 and its 200-day moving average price is $82.34. Marriott Vacations Worldwide Co. has a 52 week low of $67.28 and a 52 week high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 3.79%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Thursday, December 19th. Marriott Vacations Worldwide’s payout ratio is 60.19%.

Analyst Ratings Changes

Several research analysts have commented on VAC shares. Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. Barclays upgraded shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Mizuho upped their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus raised their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $105.67.

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.