C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,258 shares of the company's stock, valued at approximately $293,000.
A number of other large investors also recently made changes to their positions in VAC. CWM LLC increased its holdings in shares of Marriott Vacations Worldwide by 97.9% in the 3rd quarter. CWM LLC now owns 5,391 shares of the company's stock valued at $396,000 after purchasing an additional 2,667 shares during the period. Inspire Investing LLC increased its holdings in Marriott Vacations Worldwide by 37.0% in the third quarter. Inspire Investing LLC now owns 5,597 shares of the company's stock worth $411,000 after buying an additional 1,512 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Marriott Vacations Worldwide in the third quarter worth approximately $14,983,000. Wealth Enhancement Advisory Services LLC increased its holdings in Marriott Vacations Worldwide by 31.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,837 shares of the company's stock worth $576,000 after buying an additional 1,874 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in Marriott Vacations Worldwide in the third quarter worth approximately $225,000. Institutional investors and hedge funds own 89.52% of the company's stock.
Marriott Vacations Worldwide Stock Performance
Shares of VAC traded up $1.21 during mid-day trading on Monday, hitting $86.46. The company's stock had a trading volume of 416,705 shares, compared to its average volume of 272,018. 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 quick ratio of 2.86 and a current ratio of 3.53. The firm has a market capitalization of $3.02 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 0.66 and a beta of 1.83. The stock's 50-day moving average is $87.85 and its two-hundred day moving average is $82.42.
Marriott Vacations Worldwide Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.65%. This is a boost from Marriott Vacations Worldwide's previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Thursday, December 19th. Marriott Vacations Worldwide's dividend payout ratio is currently 60.19%.
Analysts Set New Price Targets
VAC has been the topic of a number of research reports. Barclays upgraded Marriott Vacations Worldwide from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an "underweight" rating and a $87.00 price objective on the stock. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a report on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, StockNews.com raised Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $105.67.
View Our Latest Stock Analysis on VAC
Marriott Vacations Worldwide Profile
(
Free Report)
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.
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