Marriott Vacations Worldwide Corporation (NYSE:VAC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 6,557.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,647 shares of the company's stock after purchasing an additional 14,427 shares during the quarter. GAMMA Investing LLC's holdings in Marriott Vacations Worldwide were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

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

Marriott Vacations Worldwide Trading Up 0.4%

NYSE:VAC traded up $0.24 on Wednesday, reaching $68.24. The stock had a trading volume of 45,352 shares, compared to its average volume of 456,349. Marriott Vacations Worldwide Corporation has a 12-month low of $49.22 and a 12-month high of $100.32. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.48 and a beta of 1.46. The firm's fifty day moving average is $62.32 and its two-hundred day moving average is $74.58. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.16 and a quick ratio of 2.58.

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, topping analysts' consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned $1.80 earnings per share. Marriott Vacations Worldwide's revenue was up .4% compared to the same quarter last year. Equities analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide's payout ratio is 53.92%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VAC shares. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price target on 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 reduced their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Truist Financial decreased their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, 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 report on Friday, May 9th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.25.

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.