Marriott Vacations Worldwide (NYSE:VAC) Raised to "Equal Weight" at Morgan Stanley

Morgan Stanley upgraded shares of Marriott Vacations Worldwide (NYSE:VAC - Free Report) from an underweight rating to an equal weight rating in a research note published on Tuesday morning, MarketBeat Ratings reports. They currently have $57.00 price target on the stock, down from their previous price target of $67.00.

VAC has been the topic of several other reports. 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 note on Thursday, February 27th. 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 report on Friday, March 7th. The Goldman Sachs Group cut their price target on Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating for the company in a report on Monday, April 14th. Mizuho increased their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Finally, Barclays dropped 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.38.

Marriott Vacations Worldwide Stock Performance

VAC stock traded down $0.07 during trading on Tuesday, reaching $55.71. 359,583 shares of the stock were exchanged, compared to its average volume of 443,578. The stock has a 50 day simple moving average of $65.24 and a 200-day simple moving average of $79.74. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a twelve month low of $49.22 and a twelve month high of $103.46. The company has a market capitalization of $1.93 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.24 billion. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide will post 6.23 earnings per share for the current 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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 5.67%. Marriott Vacations Worldwide's payout ratio is 56.23%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of the business's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the purchase, the insider now owns 8,770 shares of the company's stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Trading of Marriott Vacations Worldwide

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $37,974,000. Norges Bank bought a new position in Marriott Vacations Worldwide in the fourth quarter valued at approximately $31,677,000. AQR Capital Management LLC increased its position 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 purchasing an additional 245,427 shares during the last quarter. Ananym Capital Management LP acquired a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $21,987,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of 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 buying an additional 148,457 shares in the last quarter. Institutional investors own 89.52% 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.