46,175 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 46,175 shares of the company's stock, valued at approximately $3,920,000. Pallas Capital Advisors LLC owned 0.13% of Marriott Vacations Worldwide as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VAC. Raymond James & Associates lifted its stake in Marriott Vacations Worldwide by 6.0% during the first quarter. Raymond James & Associates now owns 2,004 shares of the company's stock worth $316,000 after purchasing an additional 113 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Marriott Vacations Worldwide by 5.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,483 shares of the company's stock valued at $707,000 after purchasing an additional 238 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Marriott Vacations Worldwide during the first quarter valued at $55,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Marriott Vacations Worldwide by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,611 shares of the company's stock valued at $2,462,000 after buying an additional 1,489 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Marriott Vacations Worldwide by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,651 shares of the company's stock valued at $3,832,000 after purchasing an additional 1,801 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

VAC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, February 23rd. Truist Financial raised their price objective on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. Jefferies Financial Group raised their price objective on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a "hold" rating in a research report on Tuesday, January 2nd. JMP Securities raised their price target on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Monday, February 26th. Finally, Mizuho initiated coverage on Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They set a "buy" rating and a $128.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $109.71.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock traded down $3.34 during trading on Tuesday, reaching $103.84. The company had a trading volume of 878,786 shares, compared to its average volume of 546,482. The firm's 50 day simple moving average is $92.35 and its two-hundred day simple moving average is $88.86. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64. Marriott Vacations Worldwide Co. has a one year low of $72.78 and a one year high of $140.30. The company has a market capitalization of $3.65 billion, a PE ratio of 16.62 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.19 billion for 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 firm's revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $2.74 EPS. Sell-side analysts forecast that Marriott Vacations Worldwide Co. will post 7.81 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide's dividend payout ratio is currently 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.