Harbor Capital Advisors Inc. Increases Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Harbor Capital Advisors Inc. boosted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 160.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,185 shares of the company's stock after acquiring an additional 40,728 shares during the quarter. Harbor Capital Advisors Inc. owned 0.19% of Marriott Vacations Worldwide worth $4,863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VAC. Retirement Systems of Alabama lifted its holdings in shares of Marriott Vacations Worldwide by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 41,478 shares of the company's stock valued at $4,468,000 after buying an additional 109 shares during the period. Covestor Ltd lifted its holdings in shares of Marriott Vacations Worldwide by 10.5% during the 1st quarter. Covestor Ltd now owns 1,670 shares of the company's stock valued at $180,000 after buying an additional 159 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Marriott Vacations Worldwide by 2.5% during the 1st quarter. State of Michigan Retirement System now owns 8,113 shares of the company's stock valued at $874,000 after buying an additional 200 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Marriott Vacations Worldwide by 5.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company's stock valued at $371,000 after buying an additional 216 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company's stock valued at $31,000 after buying an additional 246 shares during the period. 89.52% of the stock is owned by institutional investors.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VAC shares. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a "sell" rating and a $62.00 price objective for the company. Stifel Nicolaus reduced their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a "buy" rating for the company in a research note on Friday, September 13th. Truist Financial reduced their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a "buy" rating for the company in a research note on Friday, July 19th. Barclays reduced their price objective on Marriott Vacations Worldwide from $82.00 to $74.00 and set an "equal weight" rating for the company in a research note on Thursday, September 26th. Finally, JMP Securities reduced their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a "market outperform" rating for the company in a research note on Friday, August 2nd. Three investment 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. Based on data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of "Hold" and a consensus price target of $96.65.

Marriott Vacations Worldwide Price Performance

VAC stock traded down $0.58 during trading on Monday, reaching $78.14. The company's stock had a trading volume of 296,521 shares, compared to its average volume of 457,299. The company has a market capitalization of $2.74 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 0.72 and a beta of 1.79. The company's fifty day moving average is $74.73 and its 200-day moving average is $82.93. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a dividend of $0.76 per share. The ex-dividend date was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.89%. Marriott Vacations Worldwide's payout ratio is 72.04%.

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.