Marriott Vacations Worldwide (NYSE:VAC) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Marriott Vacations Worldwide (NYSE:VAC - Free Report) from an underweight rating to an equal weight rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. Morgan Stanley currently has $57.00 price objective on the stock, down from their previous price objective of $67.00.

A number of other research analysts also recently weighed in on the company. Stifel Nicolaus decreased their price target on 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. Mizuho raised their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Barclays dropped their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, The Goldman Sachs Group dropped their target price on shares of Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating on the stock in a report on Monday, April 14th. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.38.

Marriott Vacations Worldwide Stock Down 0.1 %

Shares of VAC traded down $0.07 during mid-day trading on Tuesday, hitting $55.71. 359,583 shares of the company's stock were exchanged, compared to its average volume of 442,805. 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 52 week low of $49.22 and a 52 week high of $103.51. The company has a market cap of $1.93 billion, a PE ratio of 10.61, a P/E/G ratio of 0.67 and a beta of 1.66. The company has a 50-day simple moving average of $65.24 and a 200 day simple moving average of $79.69.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, research analysts forecast that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is 56.23%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now owns 8,770 shares of the company's stock, valued at $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 the SEC website. Insiders own 1.60% of the company's stock.

Institutional Trading of Marriott Vacations Worldwide

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after buying an additional 302 shares in the last quarter. Family Office Research LLC acquired a new stake in Marriott Vacations Worldwide in the 4th quarter worth about $1,702,000. Norges Bank bought a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $31,677,000. Sanctuary Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $348,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $560,000. 89.52% of the stock is currently owned by institutional investors.

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.