AQR Capital Management LLC Grows Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

AQR Capital Management LLC increased its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 47.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 765,480 shares of the company's stock after purchasing an additional 245,427 shares during the quarter. AQR Capital Management LLC owned approximately 2.19% of Marriott Vacations Worldwide worth $68,510,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Blue Trust Inc. raised its position in Marriott Vacations Worldwide by 130.7% in 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 during the fourth quarter valued at about $50,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at approximately $97,000. Atala Financial Inc acquired a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $112,000. Finally, KBC Group NV increased its stake in Marriott Vacations Worldwide by 51.5% during the fourth quarter. KBC Group NV now owns 1,460 shares of the company's stock worth $131,000 after purchasing an additional 496 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VAC shares. Truist Financial reduced their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus reduced their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Barclays dropped 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 report on Friday, February 28th. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Finally, Mizuho increased their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.38.

Insiders Place Their Bets

In other news, insider Stephanie Sobeck Butera bought 650 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the transaction, the insider now owns 8,770 shares in the company, valued at $628,458.20. This trade represents 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 through this hyperlink. Insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock traded down $0.17 during trading hours on Tuesday, hitting $58.31. 68,508 shares of the company were exchanged, compared to its average volume of 445,829. The business has a 50-day moving average of $61.65 and a 200-day moving average of $78.94. Marriott Vacations Worldwide Co. has a 1 year low of $49.22 and a 1 year high of $103.46. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.67 and a beta of 1.42.

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

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 56.23%.

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.