Family Office Research LLC Takes Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Family Office Research LLC purchased a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,956 shares of the company's stock, valued at approximately $1,702,000. Marriott Vacations Worldwide comprises about 0.7% of Family Office Research LLC's holdings, making the stock its 22nd biggest position. Family Office Research LLC owned about 0.05% of Marriott Vacations Worldwide at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after purchasing an additional 302 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $50,000. Atala Financial Inc purchased a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at approximately $112,000. Wilmington Savings Fund Society FSB acquired a new stake in Marriott Vacations Worldwide in the 3rd quarter valued at approximately $97,000. Finally, KBC Group NV boosted its position in Marriott Vacations Worldwide by 51.5% in the 4th quarter. KBC Group NV now owns 1,460 shares of the company's stock valued at $131,000 after buying an additional 496 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This represents a 8.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VAC has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating for the company in a research note on Monday. Stifel Nicolaus reduced their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They set an "underweight" rating and a $87.00 price target on the stock. Mizuho lifted their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Finally, Barclays cut their price target 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $98.13.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock traded up $0.01 during trading hours on Wednesday, reaching $53.03. 161,706 shares of the company's stock were exchanged, compared to its average volume of 432,927. The business has a fifty day moving average price of $70.33 and a 200-day moving average price of $80.87. The stock has a market capitalization of $1.83 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.67 and a beta of 1.66. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a fifty-two week low of $49.22 and a fifty-two week high of $103.51.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.79 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 5.96%. Marriott Vacations Worldwide's dividend payout ratio is presently 56.23%.

Marriott Vacations Worldwide 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.