International Assets Investment Management LLC increased its position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 234,864.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,790 shares of the company's stock after acquiring an additional 65,762 shares during the period. International Assets Investment Management LLC owned approximately 0.19% of Marriott Vacations Worldwide worth $5,585,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Pallas Capital Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $3,920,000. Nordea Investment Management AB grew its holdings in shares of Marriott Vacations Worldwide by 81.6% during the fourth quarter. Nordea Investment Management AB now owns 32,586 shares of the company's stock worth $2,775,000 after buying an additional 14,646 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Marriott Vacations Worldwide by 146.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,366 shares of the company's stock worth $439,000 after acquiring an additional 2,593 shares during the period. Shayne & Jacobs LLC acquired a new position in Marriott Vacations Worldwide in the 3rd quarter valued at $1,819,000. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Marriott Vacations Worldwide by 25.0% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 686,302 shares of the company's stock worth $69,063,000 after purchasing an additional 137,236 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.
Marriott Vacations Worldwide Stock Down 2.7 %
Marriott Vacations Worldwide stock traded down $2.65 during trading on Wednesday, reaching $96.50. 806,330 shares of the company's stock were exchanged, compared to its average volume of 521,022. Marriott Vacations Worldwide Co. has a 52-week low of $72.78 and a 52-week high of $134.09. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 15.35 and a beta of 1.85. 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 company's 50-day moving average is $98.98 and its two-hundred day moving average is $89.34.
Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.14. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 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 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.54 earnings per share. On average, analysts predict that Marriott Vacations Worldwide Co. will post 7.8 earnings per share for the current year.
Marriott Vacations Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.15%. Marriott Vacations Worldwide's payout ratio is currently 48.64%.
Wall Street Analyst Weigh In
VAC has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, February 23rd. Mizuho began coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a "buy" rating and a $128.00 target price for the company. Truist Financial increased their price target on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. JMP Securities boosted their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a "market outperform" rating in a research note on Monday, February 26th. Finally, Stifel Nicolaus upped their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of "Hold" and an average price target of $111.13.
Read Our Latest Stock Report on Marriott Vacations Worldwide
Marriott Vacations Worldwide Profile
(
Free Report)
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.
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