Barclays Upgrades Marriott Vacations Worldwide (NYSE:VAC) to Overweight

Barclays upgraded shares of Marriott Vacations Worldwide (NYSE:VAC - Free Report) from an equal weight rating to an overweight rating in a report released on Friday morning, MarketBeat Ratings reports. Barclays currently has $116.00 target price on the stock, up from their prior target price of $97.00.

A number of other research firms have also weighed in on VAC. Mizuho lifted their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their price target on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Truist Financial increased their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group raised their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a report on Tuesday. Finally, StockNews.com raised Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.22.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC traded down $0.30 during midday trading on Friday, hitting $94.55. The company's stock had a trading volume of 283,706 shares, compared to its average volume of 448,781. 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 fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm's 50 day moving average is $86.45 and its 200-day moving average is $82.21. The firm has a market cap of $3.30 billion, a P/E ratio of 18.08, a P/E/G ratio of 0.87 and a beta of 1.84.

Marriott Vacations Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.16 dividend on an annualized basis and a yield of 3.34%. This is a positive change from Marriott Vacations Worldwide's previous quarterly dividend of $0.76. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 57.90%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Large investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new position in Marriott Vacations Worldwide during the third quarter worth $32,000. Quarry LP increased its holdings in 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 purchasing an additional 350 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Marriott Vacations Worldwide during the third quarter worth $39,000. Allspring Global Investments Holdings LLC boosted its position in shares of Marriott Vacations Worldwide by 128.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company's stock worth $57,000 after buying an additional 366 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at $90,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

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.