Wealthfront Advisers LLC Takes $2.69 Million Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Wealthfront Advisers LLC acquired a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,985 shares of the company's stock, valued at approximately $2,693,000. Wealthfront Advisers LLC owned 0.09% of Marriott Vacations Worldwide at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in Marriott Vacations Worldwide in the 3rd quarter valued at about $32,000. Blue Trust Inc. lifted its stake in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after purchasing an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in Marriott Vacations Worldwide in the fourth quarter worth approximately $50,000. Quarry LP increased its stake in shares of Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company's stock worth $59,000 after purchasing an additional 363 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Marriott Vacations Worldwide by 6,881.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company's stock valued at $82,000 after purchasing an additional 1,101 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Insider Activity

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera acquired 650 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by company insiders.

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Marriott Vacations Worldwide Trading Up 2.8 %

NYSE VAC traded up $1.89 on Monday, reaching $68.43. The company had a trading volume of 607,621 shares, compared to its average volume of 478,832. Marriott Vacations Worldwide Co. has a 52 week low of $65.94 and a 52 week high of $108.57. The stock's 50 day moving average is $82.39 and its 200-day moving average is $83.09. 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 $2.39 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. Equities analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.62%. Marriott Vacations Worldwide's dividend payout ratio is 56.23%.

Analyst Ratings Changes

A number of brokerages have recently commented on VAC. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a report on Tuesday, December 10th. Barclays dropped their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Stifel Nicolaus lowered their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Mizuho increased their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $102.75.

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.