Point72 Asset Management L.P. Buys Shares of 422,873 Marriott Vacations Worldwide Co. (NYSE:VAC)

Point72 Asset Management L.P. bought a new position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 422,873 shares of the company's stock, valued at approximately $37,974,000. Point72 Asset Management L.P. owned 1.21% of Marriott Vacations Worldwide as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at about $31,677,000. AQR Capital Management LLC grew its holdings in Marriott Vacations Worldwide by 47.2% during the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock valued at $68,510,000 after purchasing an additional 245,427 shares during the last quarter. Ananym Capital Management LP purchased a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at approximately $21,987,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Marriott Vacations Worldwide by 45.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock worth $42,739,000 after purchasing an additional 148,457 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Marriott Vacations Worldwide by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company's stock worth $169,110,000 after acquiring an additional 116,854 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares of the company's stock, valued at $628,458.20. This trade represents a 8.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Mizuho lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Morgan Stanley raised Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a report on Friday, May 9th. Barclays cut their price objective on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.25.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC traded up $0.59 on Thursday, reaching $67.08. 157,326 shares of the company were exchanged, compared to its average volume of 455,241. Marriott Vacations Worldwide Co. has a 1-year low of $49.22 and a 1-year high of $100.32. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a 50-day moving average of $60.75 and a 200-day moving average of $78.06.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $1.80 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is 53.92%.

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.