Empowered Funds LLC Acquires New Shares in Marriott Vacations Worldwide Co. (NYSE:VAC)

Empowered Funds LLC purchased a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,423 shares of the company's stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Marriott Vacations Worldwide during the third quarter worth approximately $14,983,000. Hotchkis & Wiley Capital Management LLC lifted its position 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 buying an additional 168,130 shares during the last quarter. Cibc World Market Inc. boosted its position in Marriott Vacations Worldwide by 251.3% in the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company's stock valued at $11,977,000 after buying an additional 95,409 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Marriott Vacations Worldwide by 160.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,185 shares of the company's stock valued at $4,863,000 after buying an additional 40,728 shares during the period. Finally, Holocene Advisors LP grew its stake in shares of Marriott Vacations Worldwide by 71.7% in the third quarter. Holocene Advisors LP now owns 62,729 shares of the company's stock worth $4,609,000 after purchasing an additional 26,199 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Stock Performance

VAC stock traded down $3.51 during trading on Friday, reaching $84.41. The stock had a trading volume of 949,861 shares, compared to its average volume of 374,763. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm has a market cap of $2.95 billion, a PE ratio of 16.08, a PEG ratio of 0.69 and a beta of 1.83. The stock's 50 day moving average is $87.46 and its two-hundred day moving average is $82.60. Marriott Vacations Worldwide Co. has a 52 week low of $67.28 and a 52 week high of $108.57.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed 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 is Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 3.74%. Marriott Vacations Worldwide's payout ratio is 60.19%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial upped 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. StockNews.com raised shares of Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Stifel Nicolaus upped their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Morgan Stanley assumed coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an "underweight" rating and a $87.00 price target for the company. Finally, Barclays raised shares of Marriott Vacations Worldwide from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $97.00 to $116.00 in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $105.67.

About Marriott Vacations Worldwide

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.