Charles Schwab Investment Management Inc. Raises Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Charles Schwab Investment Management Inc. raised its position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 255,947 shares of the company's stock after buying an additional 6,516 shares during the period. Charles Schwab Investment Management Inc. owned 0.73% of Marriott Vacations Worldwide worth $22,984,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in Marriott Vacations Worldwide in the 3rd quarter valued at about $32,000. Blue Trust Inc. increased its stake 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. Brown Lisle Cummings Inc. purchased a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $50,000. Quarry LP increased its stake in shares of Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company's stock worth $59,000 after purchasing an additional 363 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $97,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now owns 8,770 shares of the company's stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company's stock.

Remove Ads

Marriott Vacations Worldwide Price Performance

NYSE:VAC traded down $0.83 during trading hours on Friday, hitting $65.90. The stock had a trading volume of 617,071 shares, compared to its average volume of 418,435. The company has a 50 day simple moving average of $80.55 and a two-hundred day simple moving average of $82.72. 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 Co. has a one year low of $63.46 and a one year high of $108.57. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 0.67 and a beta of 1.83.

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 the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is 56.23%.

Wall Street Analyst Weigh In

VAC has been the subject of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Truist Financial decreased their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group raised their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a research note on Tuesday, December 10th. Barclays decreased their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Finally, Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an "underweight" rating and a $87.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of "Hold" and an average price target of $102.75.

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.