Bridgewater Associates LP Has $1.89 Million Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Bridgewater Associates LP increased its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,752 shares of the company’s stock after acquiring an additional 2,603 shares during the period. Bridgewater Associates LP owned about 0.07% of Marriott Vacations Worldwide worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC bought a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at $244,000. Comerica Bank raised its stake in Marriott Vacations Worldwide by 50.1% during the first quarter. Comerica Bank now owns 43,401 shares of the company’s stock worth $4,676,000 after acquiring an additional 14,482 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 335.6% in the second quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock worth $2,223,000 after acquiring an additional 19,613 shares during the last quarter. CWM LLC boosted its stake in shares of Marriott Vacations Worldwide by 331.7% in the 2nd quarter. CWM LLC now owns 2,724 shares of the company’s stock valued at $238,000 after purchasing an additional 2,093 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Marriott Vacations Worldwide by 226.9% during the 2nd quarter. SG Americas Securities LLC now owns 5,649 shares of the company’s stock valued at $493,000 after purchasing an additional 3,921 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VAC shares. Mizuho increased their price objective 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. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. 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 price objective on the stock. Truist Financial increased their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. 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 report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $101.56.

Marriott Vacations Worldwide Stock Up 2.5 %

Marriott Vacations Worldwide stock opened at $99.25 on Friday. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 0.88 and a beta of 1.79. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The firm has a 50 day moving average price of $82.55 and a two-hundred day moving average price of $82.21.

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 issued a $0.76 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.04 annualized dividend and a yield of 3.06%. Marriott Vacations Worldwide’s payout ratio is 57.90%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now owns 15,851 shares in the company, valued at $1,093,719. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% 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.