Norges Bank Makes New $31.68 Million Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Norges Bank bought a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 352,749 shares of the company's stock, valued at approximately $31,677,000. Norges Bank owned approximately 1.01% of Marriott Vacations Worldwide at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after buying an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $50,000. Quarry LP increased its position in Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company's stock valued at $59,000 after buying an additional 363 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Marriott Vacations Worldwide during the 3rd quarter valued at about $97,000. Finally, Atala Financial Inc acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $112,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Mizuho upped their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Truist Financial cut their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Stifel Nicolaus cut their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an "underweight" rating and a $87.00 price objective on the stock. Finally, Barclays cut their price objective on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $102.75.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera bought 650 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Trading Down 7.3 %

VAC stock traded down $4.32 during midday trading on Thursday, hitting $54.96. 51,641 shares of the company's stock were exchanged, compared to its average volume of 504,870. The business has a 50-day simple moving average of $72.88 and a two-hundred day simple moving average of $81.49. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $1.90 billion, a PE ratio of 10.47, a P/E/G ratio of 0.67 and a beta of 1.66. Marriott Vacations Worldwide Co. has a 1-year low of $49.22 and a 1-year high of $103.51.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.24 billion. On average, sell-side analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 5.75%. Marriott Vacations Worldwide's dividend payout ratio is currently 56.23%.

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.