Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 63.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 286,081 shares of the company's stock after buying an additional 110,947 shares during the quarter. First Trust Advisors LP owned about 0.82% of Marriott Vacations Worldwide worth $25,690,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in shares of Marriott Vacations Worldwide by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock worth $411,000 after purchasing an additional 184 shares during the period. Virtu Financial LLC purchased a new position in Marriott Vacations Worldwide during the third quarter worth about $245,000. Sanctuary Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at about $348,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at approximately $97,000. Finally, Tidal Investments LLC lifted its holdings in shares of Marriott Vacations Worldwide by 6.1% in the 3rd quarter. Tidal Investments LLC now owns 8,098 shares of the company's stock worth $595,000 after acquiring an additional 464 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating on the stock in a research report on Monday, April 14th. Barclays cut their price objective on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Truist Financial dropped their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Stifel Nicolaus reduced their price target 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. Finally, Mizuho lifted their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.38.

Marriott Vacations Worldwide Stock Up 3.6 %

NYSE VAC traded up $1.97 on Thursday, hitting $56.78. 189,418 shares of the stock were exchanged, compared to its average volume of 442,535. Marriott Vacations Worldwide Co. has a fifty-two week low of $49.22 and a fifty-two week high of $103.46. The company has a 50-day moving average price of $63.30 and a 200-day moving average price of $79.33. The company has a market cap of $1.96 billion, a PE ratio of 10.87, a PEG ratio of 0.67 and a beta of 1.66. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.51 by $0.35. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Sell-side analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 5.57%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is 56.23%.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares in the company, valued at $628,458.20. This trade represents a 8.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

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.