TB Alternative Assets Ltd. Buys Shares of 6,600 Marriott Vacations Worldwide Co. (NYSE:VAC)

TB Alternative Assets Ltd. bought a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,600 shares of the company’s stock, valued at approximately $711,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Marriott Vacations Worldwide by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 3,123,164 shares of the company’s stock worth $265,125,000 after purchasing an additional 44,774 shares during the last quarter. Senvest Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 5.9% in the third quarter. Senvest Management LLC now owns 2,100,786 shares of the company’s stock worth $211,402,000 after acquiring an additional 116,823 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Marriott Vacations Worldwide by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock worth $117,763,000 after acquiring an additional 66,362 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Marriott Vacations Worldwide by 55.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after acquiring an additional 377,766 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 17.2% in the fourth quarter. Victory Capital Management Inc. now owns 490,132 shares of the company’s stock worth $41,607,000 after acquiring an additional 71,930 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Down 2.2 %

Marriott Vacations Worldwide stock traded down $1.83 during mid-day trading on Wednesday, hitting $83.09. The company’s stock had a trading volume of 430,133 shares, compared to its average volume of 491,394. The firm’s 50 day moving average is $93.72 and its 200 day moving average is $92.00. The company has a market cap of $2.92 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81. The company has a debt-to-equity ratio of 2.22, a current ratio of 3.12 and a quick ratio of 2.62. Marriott Vacations Worldwide Co. has a 52-week low of $72.78 and a 52-week high of $133.99.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $2.54 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts anticipate that Marriott Vacations Worldwide Co. will post 7.65 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Wall Street Analyst Weigh In

VAC has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft upped their target price on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Truist Financial upped their price target on Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Mizuho decreased their price target on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Finally, Barclays raised their target price on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $112.22.

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.