Cerity Partners LLC Acquires 8,190 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Cerity Partners LLC raised its stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 105.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,929 shares of the company's stock after acquiring an additional 8,190 shares during the quarter. Cerity Partners LLC's holdings in Marriott Vacations Worldwide were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of VAC. Pacer Advisors Inc. boosted its position in Marriott Vacations Worldwide by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock valued at $575,000 after buying an additional 166 shares during the last quarter. Stifel Financial Corp increased its position in Marriott Vacations Worldwide by 3.4% in the third quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock worth $411,000 after purchasing an additional 184 shares during the period. Xponance Inc. raised its holdings in Marriott Vacations Worldwide by 6.2% during the 4th quarter. Xponance Inc. now owns 3,809 shares of the company's stock worth $342,000 after purchasing an additional 221 shares during the last quarter. Blue Trust Inc. lifted 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, Venturi Wealth Management LLC boosted its stake in shares of Marriott Vacations Worldwide by 40.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock valued at $141,000 after purchasing an additional 455 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Up 3.0 %

Shares of Marriott Vacations Worldwide stock traded up $1.59 on Wednesday, reaching $54.64. 355,862 shares of the company were exchanged, compared to its average volume of 511,290. Marriott Vacations Worldwide Co. has a one year low of $49.22 and a one year high of $103.51. 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 company has a 50-day moving average of $67.17 and a 200 day moving average of $80.12. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.67 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.35. The firm had revenue of $1.33 billion during 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, equities research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 56.23%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $67.00 to $57.00 in a research report on Tuesday. Stifel Nicolaus decreased their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group cut their price target on shares of Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating on the stock in a research report on Monday, April 14th. Mizuho boosted their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of "Moderate Buy" and an average price target of $94.38.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company's stock.

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.