TB Alternative Assets Ltd. Purchases Shares of 6,600 Marriott Vacations Worldwide Co. (NYSE:VAC)

TB Alternative Assets Ltd. purchased a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,600 shares of the company’s stock, valued at approximately $711,000.

A number of other hedge funds also recently bought and sold shares of the company. Grandview Asset Management LLC boosted its holdings in Marriott Vacations Worldwide by 2.4% during the first quarter. Grandview Asset Management LLC now owns 13,413 shares of the company’s stock valued at $1,445,000 after acquiring an additional 313 shares during the period. Alaska Permanent Fund Corp acquired a new position in shares of Marriott Vacations Worldwide during the first quarter valued at about $1,109,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at about $223,000. Quadrature Capital Ltd lifted its stake in shares of Marriott Vacations Worldwide by 256.0% in the fourth quarter. Quadrature Capital Ltd now owns 9,807 shares of the company’s stock valued at $833,000 after buying an additional 7,052 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Marriott Vacations Worldwide by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 3,123,164 shares of the company’s stock valued at $265,125,000 after buying an additional 44,774 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VAC has been the subject of several research reports. Mizuho reduced their target price on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Barclays raised their price objective on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Stifel Nicolaus raised their price objective on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Truist Financial raised their price objective on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average price target of $112.22.

Marriott Vacations Worldwide Price Performance

VAC traded down $1.83 during midday trading on Wednesday, hitting $83.09. The company had a trading volume of 430,133 shares, compared to its average volume of 491,394. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12. The company has a market capitalization of $2.92 billion, a PE ratio of 15.35, a P/E/G ratio of 0.63 and a beta of 1.81. Marriott Vacations Worldwide Co. has a twelve month low of $72.78 and a twelve month high of $133.99. The firm’s 50-day simple moving average is $93.72 and its 200-day simple moving average is $92.00.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.14. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.54 EPS. Equities research analysts predict that Marriott Vacations Worldwide Co. will post 7.65 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s payout ratio is 56.19%.

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.