T. Rowe Price Investment Management Inc. Buys 7,046 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

T. Rowe Price Investment Management Inc. increased its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 778,684 shares of the company's stock after acquiring an additional 7,046 shares during the period. T. Rowe Price Investment Management Inc. owned about 2.23% of Marriott Vacations Worldwide worth $69,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after purchasing an additional 302 shares during the period. Family Office Research LLC bought a new position in Marriott Vacations Worldwide during the fourth quarter valued at about $1,702,000. Norges Bank bought a new stake in Marriott Vacations Worldwide in the fourth quarter worth about $31,677,000. Sanctuary Advisors LLC purchased a new position in Marriott Vacations Worldwide in the third quarter valued at about $348,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at approximately $560,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $67.00 to $57.00 in a report on Tuesday, April 22nd. Mizuho lifted their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. The Goldman Sachs Group lowered their price objective on Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. Truist Financial reduced their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Finally, Stifel Nicolaus dropped their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $94.38.

Marriott Vacations Worldwide Price Performance

NYSE VAC traded up $0.22 on Monday, hitting $55.89. The stock had a trading volume of 397,169 shares, compared to its average volume of 443,393. The firm has a 50-day moving average of $64.54 and a 200-day moving average of $79.66. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a 52-week low of $49.22 and a 52-week high of $103.46.

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

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed 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. This represents a $3.16 annualized dividend and a dividend yield of 5.65%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 56.23%.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of the business's stock in a transaction on 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 purchase, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.