Versor Investments LP Makes New Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Versor Investments LP bought a new position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,755 shares of the company's stock, valued at approximately $337,000.

Several other hedge funds also recently made changes to their positions in the company. Verity Asset Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 3.1% in the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company's stock worth $316,000 after buying an additional 131 shares during the period. Pacer Advisors Inc. increased its position in Marriott Vacations Worldwide by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock valued at $575,000 after purchasing an additional 166 shares during the period. Stifel Financial Corp increased its position in Marriott Vacations Worldwide by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock valued at $411,000 after purchasing an additional 184 shares during the period. Blue Trust Inc. increased its position in Marriott Vacations Worldwide by 130.7% during the 4th 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 period. Finally, Covestor Ltd increased its position in Marriott Vacations Worldwide by 32.3% during the 3rd quarter. Covestor Ltd now owns 1,372 shares of the company's stock valued at $101,000 after purchasing an additional 335 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays reduced 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 research report on Friday, February 28th. StockNews.com raised shares of Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. Truist Financial boosted their price objective on shares of 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 dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Marriott Vacations Worldwide currently has an average rating of "Hold" and an average price target of $103.00.

Marriott Vacations Worldwide Stock Down 1.8 %

Marriott Vacations Worldwide stock traded down $1.29 during mid-day trading on Thursday, reaching $71.62. The stock had a trading volume of 195,061 shares, compared to its average volume of 446,898. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.67 and a beta of 1.83. The company has a 50-day moving average price of $85.57 and a two-hundred day moving average price of $83.25. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. On average, analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is 56.23%.

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.