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

International Assets Investment Management LLC acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 203,907 shares of the company's stock, valued at approximately $14,983,000. International Assets Investment Management LLC owned about 0.58% of Marriott Vacations Worldwide as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VAC. Allspring Global Investments Holdings LLC raised its position in Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company's stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at about $41,000. Quarry LP boosted its stake in shares of Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company's stock worth $39,000 after buying an additional 350 shares during the period. Innealta Capital LLC purchased a new position in shares of Marriott Vacations Worldwide during the second quarter worth about $90,000. Finally, EMC Capital Management purchased a new position in shares of Marriott Vacations Worldwide during the first quarter worth about $144,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares in the company, valued at $1,093,719. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Stock Up 0.6 %

Shares of NYSE:VAC traded up $0.48 during midday trading on Wednesday, hitting $80.23. 352,088 shares of the company's stock traded hands, compared to its average volume of 458,225. The firm's fifty day moving average price is $74.54 and its two-hundred day moving average price is $83.31. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. The company has a market cap of $2.82 billion, a PE ratio of 14.83, a P/E/G ratio of 0.71 and a beta of 1.80.

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 (EPS) 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 analyst estimates of $1.21 billion. During the same period last year, the business earned $2.19 EPS. The firm's revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Marriott Vacations Worldwide Co. will post 6.11 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.79%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 56.19%.

Analyst Ratings Changes

A number of analysts have weighed in on VAC shares. Truist Financial decreased their price objective on 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. StockNews.com downgraded Marriott Vacations Worldwide from a "hold" rating to a "sell" rating in a report on Friday, July 19th. Barclays dropped their price objective on shares of Marriott Vacations Worldwide from $82.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Finally, The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a "sell" rating and a $62.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $96.65.

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.