Cibc World Market Inc. Has $11.98 Million Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Cibc World Market Inc. increased its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 251.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,372 shares of the company's stock after purchasing an additional 95,409 shares during the period. Cibc World Market Inc. owned about 0.38% of Marriott Vacations Worldwide worth $11,977,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VAC. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide during the third quarter valued at $32,000. Quarry LP increased its stake in shares of Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company's stock valued at $39,000 after buying an additional 350 shares during the period. Capital Performance Advisors LLP bought a new stake in Marriott Vacations Worldwide during the 3rd quarter worth about $39,000. Blue Trust Inc. lifted its holdings in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after buying an additional 302 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Marriott Vacations Worldwide by 6,881.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company's stock worth $82,000 after purchasing an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock traded down $0.67 during midday trading on Wednesday, hitting $83.71. The company's stock had a trading volume of 196,152 shares, compared to its average volume of 305,576. The company has a 50-day moving average price of $89.75 and a two-hundred day moving average price of $82.41. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.66 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.

Marriott Vacations Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.78%. This is an increase from Marriott Vacations Worldwide's previous quarterly dividend of $0.76. The ex-dividend date was Thursday, December 19th. Marriott Vacations Worldwide's dividend payout ratio is presently 60.19%.

Wall Street Analysts Forecast Growth

VAC has been the subject of a number of analyst reports. Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They set an "underweight" rating and a $87.00 price objective for the company. Truist Financial lifted their price objective 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. Mizuho raised their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $105.67.

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.