International Assets Investment Management LLC Invests $14.98 Million in Marriott Vacations Worldwide Co. (NYSE:VAC)

International Assets Investment Management LLC purchased a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 203,907 shares of the company's stock, valued at approximately $14,983,000. International Assets Investment Management LLC owned 0.58% of Marriott Vacations Worldwide at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company's stock worth $31,000 after purchasing an additional 246 shares in the last quarter. Quarry LP grew its position in Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company's stock valued at $39,000 after acquiring an additional 350 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Marriott Vacations Worldwide in the first quarter valued at approximately $41,000. Innealta Capital LLC acquired a new stake in Marriott Vacations Worldwide in the second quarter valued at approximately $90,000. Finally, EMC Capital Management acquired a new stake in Marriott Vacations Worldwide in the first quarter valued at approximately $144,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on VAC shares. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a "sell" rating and a $62.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. Stifel Nicolaus decreased their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a "buy" rating for the company in a research report on Friday, September 13th. Truist Financial decreased their price target on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a "buy" rating for the company in a research report on Friday, July 19th. Finally, StockNews.com downgraded shares of Marriott Vacations Worldwide from a "hold" rating to a "sell" rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $96.65.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company's stock.

Marriott Vacations Worldwide Stock Performance

NYSE VAC traded up $1.01 during trading hours on Wednesday, hitting $80.76. The company had a trading volume of 128,136 shares, compared to its average volume of 457,159. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm has a market cap of $2.84 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.80. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. The business has a fifty day simple moving average of $74.38 and a 200-day simple moving average of $83.33.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the business earned $2.19 earnings per share. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts predict that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 3.76%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 56.19%.

Marriott Vacations Worldwide 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.