6,066 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,066 shares of the company's stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of Marriott Vacations Worldwide by 35.2% during 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at approximately $89,000. Point72 Asset Management L.P. purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at approximately $37,974,000. Quantinno Capital Management LP grew its holdings in shares of Marriott Vacations Worldwide by 146.8% during the fourth quarter. Quantinno Capital Management LP now owns 26,971 shares of the company's stock valued at $2,422,000 after buying an additional 16,041 shares during the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of Marriott Vacations Worldwide by 1.4% during the fourth quarter. Pathstone Holdings LLC now owns 155,987 shares of the company's stock valued at $14,008,000 after buying an additional 2,127 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays cut their price target on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Mizuho dropped their target price 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. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, The Goldman Sachs Group raised 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. One equities 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 company. According to MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of "Moderate Buy" and an average target price of $92.25.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded up $1.37 on Tuesday, hitting $65.84. 523,836 shares of the stock traded hands, compared to its average volume of 460,410. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.67 and a beta of 1.42. Marriott Vacations Worldwide Co. has a 52 week low of $49.22 and a 52 week high of $100.32. The firm has a 50 day simple moving average of $60.68 and a two-hundred day simple moving average of $76.51. 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 (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.56 by $0.10. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The company's revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $1.80 EPS. As a group, equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.80%. Marriott Vacations Worldwide's payout ratio is currently 53.92%.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $71.66 per share, with a total value of $46,579.00. Following the transaction, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.60% of the company's stock.

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.