Centiva Capital LP Invests $431,000 in Marriott Vacations Worldwide Co. (NYSE:VAC)

Centiva Capital LP purchased a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,795 shares of the company's stock, valued at approximately $431,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bridgefront Capital LLC increased its stake in Marriott Vacations Worldwide by 27.8% during the 4th quarter. Bridgefront Capital LLC now owns 3,815 shares of the company's stock valued at $343,000 after purchasing an additional 831 shares in the last quarter. Captrust Financial Advisors purchased a new position in Marriott Vacations Worldwide during the 4th quarter worth $440,000. Algert Global LLC purchased a new position in Marriott Vacations Worldwide during the 4th quarter worth $244,000. Ananym Capital Management LP purchased a new position in Marriott Vacations Worldwide during the 4th quarter worth $21,987,000. Finally, AXA S.A. boosted its holdings in Marriott Vacations Worldwide by 2.5% during the 4th quarter. AXA S.A. now owns 41,189 shares of the company's stock worth $3,699,000 after acquiring an additional 989 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on VAC. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. Barclays dropped their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday. Mizuho decreased their price objective on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Truist Financial decreased their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, The Goldman Sachs Group raised their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $92.25.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC traded up $0.44 on Friday, hitting $71.83. The stock had a trading volume of 123,544 shares, compared to its average volume of 451,050. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The business's 50-day simple moving average is $60.55 and its two-hundred day simple moving average is $78.31. Marriott Vacations Worldwide Co. has a 52-week low of $49.22 and a 52-week high of $101.16.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.10. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 EPS. As a group, research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is 53.92%.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera bought 650 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $71.66 per share, with a total value of $46,579.00. Following 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company's stock.

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.