Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) have been given an average rating of "Hold" by the ten ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $98.05.

VAC has been the topic of several analyst reports. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They set a "sell" rating and a $62.00 price target on the stock. StockNews.com upgraded Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a "buy" rating on the stock in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th. Finally, JMP Securities dropped their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a "market outperform" rating on the stock in a research report on Friday, August 2nd.

Insider Buying and Selling

In related news, insider Jason P. Marino bought 700 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now owns 15,851 shares of the company's stock, valued at $1,093,719. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Large investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management bought a new position in shares of Marriott Vacations Worldwide in the first quarter valued at about $4,676,000. Harbor Capital Advisors Inc. increased its holdings in Marriott Vacations Worldwide by 335.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company's stock valued at $2,223,000 after buying an additional 19,613 shares during the period. Vanguard Group Inc. lifted its stake in Marriott Vacations Worldwide by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company's stock worth $351,872,000 after purchasing an additional 143,074 shares during the last quarter. AQR Capital Management LLC grew its position in Marriott Vacations Worldwide by 178.2% in the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company's stock valued at $29,771,000 after acquiring an additional 227,465 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company's stock valued at $139,687,000 after purchasing an additional 207,938 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock traded up $0.17 during mid-day trading on Thursday, reaching $92.87. The company had a trading volume of 311,338 shares, compared to its average volume of 463,855. The company has a market capitalization of $3.24 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.85 and a beta of 1.79. 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 has a 1 year low of $67.28 and a 1 year high of $108.57. The stock's 50-day simple moving average is $77.69 and its 200-day simple moving average is $82.50.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a dividend of $0.76 per share. The ex-dividend date was Thursday, September 19th. This represents a $3.04 annualized dividend and a yield of 3.27%. Marriott Vacations Worldwide's dividend payout ratio is currently 57.90%.

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.