Charles Schwab Investment Management Inc. Purchases 33,373 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Charles Schwab Investment Management Inc. boosted its position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453,849 shares of the company's stock after purchasing an additional 33,373 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.28% of Marriott Vacations Worldwide worth $38,527,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VAC. Allspring Global Investments Holdings LLC increased its holdings in shares of Marriott Vacations Worldwide by 1,075.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,763 shares of the company's stock valued at $278,000 after purchasing an additional 2,528 shares during the period. Coldstream Capital Management Inc. lifted its position in Marriott Vacations Worldwide by 12.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company's stock worth $258,000 after buying an additional 274 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Marriott Vacations Worldwide by 342.3% during the 3rd quarter. Signaturefd LLC now owns 1,150 shares of the company's stock valued at $116,000 after buying an additional 890 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Marriott Vacations Worldwide by 194.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company's stock valued at $25,000 after acquiring an additional 165 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Marriott Vacations Worldwide by 0.3% in the third quarter. LSV Asset Management now owns 508,112 shares of the company's stock worth $51,131,000 after acquiring an additional 1,535 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock traded down $3.09 during trading on Tuesday, reaching $94.97. The company's stock had a trading volume of 374,891 shares, compared to its average volume of 502,943. The business's fifty day moving average price is $99.98 and its 200-day moving average price is $90.10. Marriott Vacations Worldwide Co. has a one year low of $72.78 and a one year high of $134.09. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 17.55 and a beta of 1.85. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $2.54 earnings per share. The company's quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Marriott Vacations Worldwide Co. will post 7.72 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, May 22nd. Marriott Vacations Worldwide's payout ratio is presently 56.19%.

Analysts Set New Price Targets

VAC has been the topic of a number of recent research reports. Truist Financial boosted their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Mizuho began coverage on shares of Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They set a "buy" rating and a $128.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, February 23rd. Barclays increased their price target on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $112.22.

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.