Manning & Napier Group LLC Acquires 18,255 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Manning & Napier Group LLC increased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 70.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,167 shares of the company's stock after purchasing an additional 18,255 shares during the quarter. Manning & Napier Group LLC owned approximately 0.12% of Marriott Vacations Worldwide worth $3,749,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its holdings in shares of Marriott Vacations Worldwide by 56.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company's stock valued at $27,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Marriott Vacations Worldwide by 194.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company's stock valued at $25,000 after purchasing an additional 165 shares during the period. ST Germain D J Co. Inc. acquired a new stake in Marriott Vacations Worldwide in the 2nd quarter valued at about $31,000. Penserra Capital Management LLC bought a new position in Marriott Vacations Worldwide during the first quarter worth about $40,000. Finally, Acadian Asset Management LLC acquired a new position in Marriott Vacations Worldwide during the first quarter worth approximately $55,000. Institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

VAC has been the subject of several research analyst reports. Barclays lifted their target price on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Friday, February 23rd. Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Mizuho began coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a "buy" rating and a $128.00 target price for the company. Jefferies Financial Group increased their price target on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the company a "hold" rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $109.71.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded up $2.43 during midday trading on Friday, reaching $107.73. The company's stock had a trading volume of 871,671 shares, compared to its average volume of 562,875. The company has a market cap of $3.79 billion, a P/E ratio of 17.24 and a beta of 1.84. Marriott Vacations Worldwide Co. has a fifty-two week low of $72.78 and a fifty-two week high of $140.30. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15. The business's 50 day moving average price is $91.87 and its two-hundred day moving average price is $88.84.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.08. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.74 EPS. On average, analysts forecast that Marriott Vacations Worldwide Co. will post 7.81 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 48.64%.

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.