UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,139 shares of the company's stock after buying an additional 13,840 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Marriott Vacations Worldwide worth $8,633,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VAC. Blue Trust Inc. boosted its holdings in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after acquiring an additional 302 shares during the period. Brown Lisle Cummings Inc. bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $50,000. True Wealth Design LLC lifted 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $89,000. Finally, Atala Financial Inc bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $112,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. This trade represents a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VAC. Stifel Nicolaus reduced their target price on shares of 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. Barclays cut their price target 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. Truist Financial dropped 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 report on Friday, March 7th. Mizuho lowered 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. Finally, Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $92.25.

Marriott Vacations Worldwide Stock Down 0.3%

VAC stock traded down $0.23 during midday trading on Wednesday, hitting $65.58. The company's stock had a trading volume of 445,694 shares, compared to its average volume of 458,366. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. Marriott Vacations Worldwide Co. has a twelve month low of $49.22 and a twelve month high of $100.32. The company's fifty day moving average price is $60.67 and its 200 day moving average price is $76.44. The stock has a market capitalization of $2.26 billion, a P/E ratio of 12.49, a PEG ratio of 0.67 and a beta of 1.42.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results 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. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the firm earned $1.80 EPS. Marriott Vacations Worldwide's quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 4.82%. The ex-dividend date is Friday, May 23rd. 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.