Investment Advisory Group LLC Makes New Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Investment Advisory Group LLC bought a new position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,000 shares of the company's stock, valued at approximately $31,000. Investment Advisory Group LLC owned 0.09% of Marriott Vacations Worldwide as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in VAC. Point72 Asset Management L.P. acquired a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at $37,974,000. Norges Bank acquired a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at about $31,677,000. AQR Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 47.2% during the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock worth $68,510,000 after purchasing an additional 245,427 shares during the period. Ananym Capital Management LP purchased a new position in Marriott Vacations Worldwide in the fourth quarter valued at approximately $21,987,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Marriott Vacations Worldwide by 45.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock valued at $42,739,000 after buying an additional 148,457 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VAC shares. Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Barclays decreased their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Mizuho cut their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus lowered their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group increased 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $92.25.

Marriott Vacations Worldwide Trading Up 1.5%

Shares of VAC stock opened at $66.02 on Monday. 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 firm has a market capitalization of $2.28 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.46. The firm's fifty day simple moving average is $60.75 and its 200 day simple moving average is $75.89. Marriott Vacations Worldwide Co. has a 1 year low of $49.22 and a 1 year high of $100.32.

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

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.79 dividend. The ex-dividend date was Friday, May 23rd. This represents a $3.16 annualized dividend and a yield of 4.79%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 53.92%.

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.

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