Vanguard Group Inc. Buys 7,194 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Vanguard Group Inc. raised its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,227,010 shares of the company's stock after acquiring an additional 7,194 shares during the quarter. Vanguard Group Inc. owned about 9.24% of Marriott Vacations Worldwide worth $289,785,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Marriott Vacations Worldwide by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company's stock valued at $106,140,000 after acquiring an additional 23,380 shares in the last quarter. New South Capital Management Inc. raised its position in shares of Marriott Vacations Worldwide by 1.0% in the fourth quarter. New South Capital Management Inc. now owns 367,974 shares of the company's stock valued at $33,044,000 after purchasing an additional 3,580 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Marriott Vacations Worldwide by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,947 shares of the company's stock worth $22,984,000 after buying an additional 6,516 shares during the last quarter. Cibc World Market Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 251.3% during the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company's stock worth $11,977,000 after buying an additional 95,409 shares during the period. Finally, Rhumbline Advisers grew its stake in Marriott Vacations Worldwide by 1.0% in the 4th quarter. Rhumbline Advisers now owns 95,457 shares of the company's stock valued at $8,572,000 after buying an additional 935 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VAC. Stifel Nicolaus dropped their price objective on 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. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an "underweight" rating and a $87.00 price target on the stock. Barclays lowered their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Mizuho raised their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $102.75.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now owns 8,770 shares of the company's stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC traded up $8.36 during midday trading on Wednesday, reaching $59.22. 1,004,885 shares of the company's stock were exchanged, compared to its average volume of 432,785. Marriott Vacations Worldwide Co. has a 12 month low of $49.21 and a 12 month high of $103.51. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The firm has a market capitalization of $2.05 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The company's 50 day simple moving average is $72.88 and its two-hundred day simple 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, beating analysts' consensus estimates of $1.51 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Equities research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Wednesday, March 5th. 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.