17,416 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Bought by Prudential Financial Inc.

Prudential Financial Inc. bought a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,416 shares of the company's stock, valued at approximately $1,564,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in Marriott Vacations Worldwide by 167.5% during the 3rd quarter. Cerity Partners LLC now owns 7,739 shares of the company's stock worth $569,000 after buying an additional 4,846 shares during the last quarter. Quarry LP lifted its holdings in Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company's stock worth $59,000 after buying an additional 363 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Marriott Vacations Worldwide by 15.2% during the 3rd quarter. Quantinno Capital Management LP now owns 10,930 shares of the company's stock worth $803,000 after buying an additional 1,444 shares during the last quarter. Stifel Financial Corp lifted its holdings in Marriott Vacations Worldwide by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock worth $411,000 after buying an additional 184 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Marriott Vacations Worldwide during the 3rd quarter worth about $245,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was acquired 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 approximately $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports 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 report on Thursday, February 27th. Morgan Stanley started coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an "underweight" rating and a $87.00 target price for the company. Mizuho boosted their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Barclays reduced their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Finally, Truist Financial reduced their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six 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 $102.75.

Marriott Vacations Worldwide Stock Down 7.1 %

NYSE VAC traded down $4.18 during trading hours on Thursday, hitting $55.10. The company had a trading volume of 49,347 shares, compared to its average volume of 431,338. Marriott Vacations Worldwide Co. has a fifty-two week low of $49.22 and a fifty-two week high of $103.51. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.67 and a beta of 1.66. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The firm's 50 day moving average is $72.88 and its 200 day moving average is $81.49.

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

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.79 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 5.74%. 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.