Marriott Vacations Worldwide (NYSE:VAC) Earns Underweight Rating from Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research note published on Monday morning, Marketbeat.com reports. The brokerage issued an underweight rating and a $87.00 price target on the stock.

Several other equities research analysts have also recently commented on VAC. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Truist Financial raised their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Mizuho increased their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide Stock Down 0.3 %

Shares of NYSE:VAC opened at $85.46 on Monday. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock has a market cap of $2.98 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.86 and a beta of 1.84. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The firm has a fifty day moving average price of $91.49 and a 200 day moving average price of $82.35.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Thursday, December 19th. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 60.19%.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors have recently added to or reduced their stakes in the business. Verity Asset Management Inc. grew its holdings in Marriott Vacations Worldwide by 3.1% during the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after purchasing an additional 131 shares in the last quarter. Stifel Financial Corp increased its position in shares of Marriott Vacations Worldwide by 3.4% during the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after acquiring an additional 184 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock worth $371,000 after acquiring an additional 216 shares in the last quarter. Covestor Ltd boosted its holdings in Marriott Vacations Worldwide by 32.3% in the third quarter. Covestor Ltd now owns 1,372 shares of the company’s stock valued at $101,000 after purchasing an additional 335 shares during the last quarter. Finally, Quarry LP grew its stake 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 in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.