Dimensional Fund Advisors LP Acquires 116,854 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Dimensional Fund Advisors LP raised its stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,883,197 shares of the company's stock after buying an additional 116,854 shares during the quarter. Dimensional Fund Advisors LP owned 5.39% of Marriott Vacations Worldwide worth $169,110,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at $31,677,000. Arrowstreet Capital Limited Partnership grew its stake in Marriott Vacations Worldwide by 45.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock valued at $42,739,000 after purchasing an additional 148,457 shares in the last quarter. First Trust Advisors LP increased its position in Marriott Vacations Worldwide by 63.3% in the 4th quarter. First Trust Advisors LP now owns 286,081 shares of the company's stock worth $25,690,000 after purchasing an additional 110,947 shares during the last quarter. Cibc World Market Inc. raised its stake in shares of Marriott Vacations Worldwide by 251.3% during the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company's stock worth $11,977,000 after purchasing an additional 95,409 shares in the last quarter. Finally, Trexquant Investment LP lifted its holdings in shares of Marriott Vacations Worldwide by 342.4% during the 4th quarter. Trexquant Investment LP now owns 93,204 shares of the company's stock valued at $8,370,000 after buying an additional 72,136 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Mizuho increased their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective 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. Finally, Truist Financial reduced their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a report on Friday, March 7th. 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $94.38.

Marriott Vacations Worldwide Stock Performance

NYSE VAC traded down $0.30 during trading on Tuesday, hitting $55.56. The company's stock had a trading volume of 60,312 shares, compared to its average volume of 441,900. Marriott Vacations Worldwide Co. has a 52 week low of $49.22 and a 52 week high of $103.46. The firm has a market cap of $1.92 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The firm has a 50 day moving average price of $64.54 and a 200 day moving average price of $79.66. 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 announced its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. Equities research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 5.69%. Marriott Vacations Worldwide's dividend payout ratio is 56.23%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera bought 650 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the transaction, the insider now directly owns 8,770 shares of the company's stock, valued at $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

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.