Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 45.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,411 shares of the company's stock after purchasing an additional 30,564 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.28% of Marriott Vacations Worldwide worth $6,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VAC. True Wealth Design LLC lifted its holdings in shares of Marriott Vacations Worldwide by 35.2% in the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock worth $53,000 after buying an additional 155 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Marriott Vacations Worldwide in the 4th quarter valued at $89,000. Atala Financial Inc purchased a new stake in Marriott Vacations Worldwide in the 4th quarter worth $112,000. Venturi Wealth Management LLC boosted its holdings in shares of Marriott Vacations Worldwide by 40.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock valued at $141,000 after purchasing an additional 455 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Marriott Vacations Worldwide by 57.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,092 shares of the company's stock valued at $188,000 after purchasing an additional 765 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VAC. Mizuho dropped their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Barclays lowered their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Truist Financial lowered their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group boosted their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus lowered their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $92.25.

Marriott Vacations Worldwide Trading Down 3.6%

Shares of VAC stock traded down $2.40 during trading hours on Friday, reaching $64.78. 472,433 shares of the stock were exchanged, compared to its average volume of 455,734. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.46. Marriott Vacations Worldwide Co. has a 12-month low of $49.22 and a 12-month high of $100.32. The company's 50-day moving average price is $61.80 and its 200-day moving average price is $75.00. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

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

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a dividend of $0.79 per share. The ex-dividend date was Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 4.88%. Marriott Vacations Worldwide's payout ratio is 53.92%.

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.