C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of 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 firm bought 3,258 shares of the company's stock, valued at approximately $293,000.
Several other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after purchasing an additional 302 shares during the last quarter. New South Capital Management Inc. grew its stake in shares of Marriott Vacations Worldwide by 6.6% in the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company's stock valued at $26,776,000 after buying an additional 22,672 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Marriott Vacations Worldwide by 36.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company's stock worth $1,991,000 after buying an additional 7,174 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the third quarter worth about $348,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in 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 acquiring an additional 168,130 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.
Marriott Vacations Worldwide Price Performance
Marriott Vacations Worldwide stock traded down $3.51 during mid-day trading on Friday, reaching $84.41. The company had a trading volume of 949,861 shares, compared to its average volume of 374,763. The company has a market capitalization of $2.95 billion, a P/E ratio of 16.08, a P/E/G ratio of 0.69 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock's 50-day simple moving average is $87.46 and its 200-day simple moving average is $82.60. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57.
Marriott Vacations Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 3.74%. Marriott Vacations Worldwide's dividend payout ratio is presently 60.19%.
Analyst Ratings Changes
A number of brokerages recently issued reports on VAC. StockNews.com raised Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Stifel Nicolaus increased their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Mizuho lifted their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Barclays raised shares of Marriott Vacations Worldwide from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $97.00 to $116.00 in a research report on Friday, December 13th. Finally, Truist Financial upped their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $105.67.
Get Our Latest Stock Analysis on Marriott Vacations Worldwide
About Marriott Vacations Worldwide
(
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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