The Goldman Sachs Group Raises Marriott Vacations Worldwide (NYSE:VAC) Price Target to $85.00

Marriott Vacations Worldwide (NYSE:VAC - Free Report) had its target price boosted by The Goldman Sachs Group from $70.00 to $85.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a sell rating on the stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com raised shares of Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Stifel Nicolaus raised their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Mizuho upped their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Truist Financial increased their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Barclays lifted their price target on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $104.11.

Marriott Vacations Worldwide Price Performance

NYSE:VAC remained flat at $95.50 during trading hours on Tuesday. The company had a trading volume of 363,058 shares, compared to its average volume of 451,483. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a 50 day moving average of $85.16 and a two-hundred day moving average of $82.01. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 0.88 and a beta of 1.84.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.16 annualized dividend and a dividend yield of 3.31%. This is an increase from Marriott Vacations Worldwide's previous quarterly dividend of $0.76. Marriott Vacations Worldwide's payout ratio is currently 57.90%.

Insider Activity

In other news, insider Jason P. Marino acquired 700 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares of the company's stock, valued at $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $32,000. Quarry LP increased its position in Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company's stock valued at $39,000 after purchasing an additional 350 shares during the period. Capital Performance Advisors LLP bought a new position in Marriott Vacations Worldwide in the 3rd quarter worth $39,000. Allspring Global Investments Holdings LLC lifted its position in shares of Marriott Vacations Worldwide by 128.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company's stock worth $57,000 after purchasing an additional 366 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $90,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

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.