Marshall Wace LLP Acquires New Shares in Marriott Vacations Worldwide Co. (NYSE:VAC)

Marshall Wace LLP acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,951 shares of the company's stock, valued at approximately $2,061,000. Marshall Wace LLP owned 0.07% of Marriott Vacations Worldwide as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Marriott Vacations Worldwide in the third quarter worth $245,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth about $97,000. Tidal Investments LLC lifted its position in Marriott Vacations Worldwide by 6.1% in the 3rd quarter. Tidal Investments LLC now owns 8,098 shares of the company's stock valued at $595,000 after purchasing an additional 464 shares during the last quarter. Nordea Investment Management AB boosted its stake in Marriott Vacations Worldwide by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 28,141 shares of the company's stock valued at $2,549,000 after purchasing an additional 1,715 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Marriott Vacations Worldwide by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 66,847 shares of the company's stock worth $6,003,000 after purchasing an additional 662 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded up $2.05 during trading on Friday, hitting $59.25. The company had a trading volume of 104,920 shares, compared to its average volume of 444,257. Marriott Vacations Worldwide Co. has a 52 week low of $49.22 and a 52 week high of $103.46. The business's 50-day moving average is $62.71 and its 200 day moving average is $79.21. The company has a market cap of $2.05 billion, a P/E ratio of 11.28, a PEG ratio of 0.67 and a beta of 1.66. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

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

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is 56.23%.

Insider Buying and Selling

In related news, insider Stephanie Sobeck Butera bought 650 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the purchase, the insider now directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. This represents a 8.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

VAC has been the subject of several analyst reports. Morgan Stanley upgraded Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Truist Financial cut their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Mizuho boosted their price target 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. Finally, Barclays decreased their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.38.

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.