Mizuho Issues Positive Forecast for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its target price hoisted by Mizuho from $110.00 to $117.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on VAC. JMP Securities dropped their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 target price on the stock. Stifel Nicolaus dropped their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft decreased 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. Finally, Barclays lifted their target price on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.05.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $91.24 on Tuesday. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 0.84 and a beta of 1.79. The business’s 50 day moving average is $78.08 and its two-hundred day moving average is $82.45. Marriott Vacations Worldwide 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were given a dividend of $0.76 per share. 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 3.33%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 57.90%.

Insiders Place Their Bets

In related news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the purchase, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. The trade was a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently made changes to their positions in VAC. Vanguard Group Inc. raised its position in shares of Marriott Vacations Worldwide by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock worth $351,872,000 after buying an additional 143,074 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock worth $139,687,000 after purchasing an additional 207,938 shares during the period. Impactive Capital LP acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at about $123,613,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 18.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after purchasing an additional 168,130 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in Marriott Vacations Worldwide by 3.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,096,286 shares of the company’s stock worth $118,103,000 after purchasing an additional 32,218 shares in the last quarter. Institutional investors and hedge funds 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.