Morgan Stanley Initiates Coverage on Marriott Vacations Worldwide (NYSE:VAC)

Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide (NYSE:VAC - Free Report) in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage issued an underweight rating and a $87.00 price target on the stock.

VAC has been the topic of a number of other reports. The Goldman Sachs Group upped their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a research note on Tuesday, December 10th. StockNews.com upgraded Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Mizuho lifted their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Truist Financial raised their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $105.67.

Marriott Vacations Worldwide Trading Down 1.2 %

Shares of VAC traded down $1.06 during trading on Monday, reaching $85.81. 551,028 shares of the company traded hands, compared to its average volume of 444,076. The stock has a 50-day simple moving average of $91.14 and a 200-day simple moving average of $82.32. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The stock has a market cap of $3.00 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84.

Marriott Vacations Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.68%. This is an increase from Marriott Vacations Worldwide's previous quarterly dividend of $0.76. Marriott Vacations Worldwide's payout ratio is presently 60.19%.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors have recently bought and sold shares of VAC. True Wealth Design LLC purchased a new stake in Marriott Vacations Worldwide during the third quarter worth approximately $32,000. Quarry LP boosted its holdings 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Marriott Vacations Worldwide in the 3rd quarter valued at $39,000. Allspring Global Investments Holdings LLC grew its position in shares of Marriott Vacations Worldwide by 128.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company's stock valued at $57,000 after buying an additional 366 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Marriott Vacations Worldwide by 6,881.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company's stock worth $82,000 after acquiring an additional 1,101 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.