First Trust Advisors LP Acquires 110,947 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

First Trust Advisors LP increased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 63.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 286,081 shares of the company's stock after buying an additional 110,947 shares during the period. First Trust Advisors LP owned about 0.82% of Marriott Vacations Worldwide worth $25,690,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VAC. Blue Trust Inc. grew its stake in shares of Marriott Vacations Worldwide by 130.7% in the fourth 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. acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $50,000. Atala Financial Inc bought a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth about $112,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Marriott Vacations Worldwide in the third quarter worth approximately $97,000. Finally, KBC Group NV boosted its holdings in Marriott Vacations Worldwide by 51.5% in the fourth quarter. KBC Group NV now owns 1,460 shares of the company's stock valued at $131,000 after acquiring an additional 496 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VAC shares. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Truist Financial decreased their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a report on Friday, March 7th. Barclays dropped their price objective on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Mizuho increased their price target on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their price objective 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. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $94.38.

Marriott Vacations Worldwide Stock Up 0.4 %

Marriott Vacations Worldwide stock traded up $0.22 during trading on Monday, hitting $55.89. 397,169 shares of the company were exchanged, compared to its average volume of 443,393. 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 business's 50 day moving average is $64.54 and its 200 day moving average is $79.66. Marriott Vacations Worldwide Co. has a 52 week low of $49.22 and a 52 week high of $103.46. The company has a market capitalization of $1.93 billion, a P/E ratio of 10.65, a PEG ratio of 0.67 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio is presently 56.23%.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the purchase, the insider now 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 this hyperlink. Company insiders own 1.60% of the company's stock.

About Marriott Vacations Worldwide

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.