Marriott Vacations Worldwide (NYSE:VAC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a sell rating to a hold rating in a research report report published on Friday morning.

Several other research firms also recently issued reports on VAC. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Barclays upped their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday. Stifel Nicolaus reduced their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. JMP Securities dropped their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Finally, Truist Financial decreased their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.95.

Marriott Vacations Worldwide Trading Down 0.4 %

VAC stock traded down $0.38 during mid-day trading on Friday, reaching $95.60. 776,195 shares of the stock traded hands, compared to its average volume of 366,572. The business has a 50-day moving average price of $76.08 and a two-hundred day moving average price of $82.74. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The stock has a market capitalization of $3.35 billion, a PE ratio of 18.22, a PEG ratio of 0.79 and a beta of 1.79.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.53 by $0.27. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.94%. Equities research analysts expect that Marriott Vacations Worldwide will post 6.08 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders 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 3.18%. Marriott Vacations Worldwide’s payout ratio is presently 57.90%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Jason P. Marino bought 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VAC. Impactive Capital LP bought a new stake in shares of Marriott Vacations Worldwide during the 1st quarter valued at $123,613,000. AQR Capital Management LLC boosted its holdings in Marriott Vacations Worldwide by 178.2% during the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after acquiring an additional 227,465 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Marriott Vacations Worldwide by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after acquiring an additional 207,938 shares during the period. International Assets Investment Management LLC purchased a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at about $14,983,000. Finally, Vanguard Group Inc. boosted its position in Marriott Vacations Worldwide by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after buying an additional 143,074 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.