GAMMA Investing LLC Boosts Stock Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

GAMMA Investing LLC boosted its position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 6,557.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,647 shares of the company's stock after purchasing an additional 14,427 shares during the period. GAMMA Investing LLC's holdings in Marriott Vacations Worldwide were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $37,974,000. Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at approximately $31,677,000. AQR Capital Management LLC boosted its stake 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 acquiring an additional 245,427 shares in the last quarter. Ananym Capital Management LP purchased a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $21,987,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Marriott Vacations Worldwide by 45.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock worth $42,739,000 after acquiring an additional 148,457 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on VAC shares. 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. Stifel Nicolaus decreased their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Mizuho dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Barclays cut 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 report on Monday, May 12th. Finally, The Goldman Sachs Group increased their price target on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a research 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. Based on data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $92.25.

Marriott Vacations Worldwide Trading Up 0.2%

Shares of NYSE:VAC traded up $0.17 during trading on Friday, reaching $68.17. The stock had a trading volume of 184,647 shares, compared to its average volume of 459,108. The company has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18. The stock has a market cap of $2.35 billion, a P/E ratio of 11.63, a PEG ratio of 1.49 and a beta of 1.46. The business has a fifty day moving average price of $62.80 and a 200-day moving average price of $74.32. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.10. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.43% and a net margin of 4.57%. Marriott Vacations Worldwide's revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 EPS. As a group, analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 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.