Marriott Vacations Worldwide (NYSE:VAC) Upgraded by StockNews.com to Hold Rating

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

VAC has been the topic of several other reports. Barclays raised their target price on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday. Stifel Nicolaus lowered their price objective on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Truist Financial decreased their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.95.

Marriott Vacations Worldwide Stock Down 0.4 %

Shares of Marriott Vacations Worldwide stock traded down $0.38 during trading on Friday, reaching $95.60. The company had a trading volume of 776,195 shares, compared to its average volume of 366,572. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.79 and a beta of 1.79. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm’s fifty day moving average is $76.08 and its 200-day moving average is $82.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.27. Marriott Vacations Worldwide had a return on equity of 10.94% and a net margin of 4.20%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. On average, analysts anticipate that Marriott Vacations Worldwide will post 6.08 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 annualized dividend and a yield of 3.18%. Marriott Vacations Worldwide’s dividend payout ratio is currently 57.90%.

Insider Buying and Selling

In other news, insider Jason P. Marino bought 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. Impactive Capital LP bought a new stake in shares of Marriott Vacations Worldwide during the 1st quarter worth $123,613,000. AQR Capital Management LLC increased its holdings in shares of Marriott Vacations Worldwide by 178.2% in the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock worth $29,771,000 after purchasing an additional 227,465 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Marriott Vacations Worldwide by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after acquiring an additional 207,938 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Marriott Vacations Worldwide in the 3rd quarter worth $14,983,000. Finally, Vanguard Group Inc. increased its position in shares of Marriott Vacations Worldwide by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after purchasing an additional 143,074 shares during the last quarter. Hedge funds and other institutional investors own 89.52% 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.