T. Rowe Price Investment Management Inc. Increases Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

T. Rowe Price Investment Management Inc. lifted its stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 778,684 shares of the company's stock after purchasing an additional 7,046 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 2.23% of Marriott Vacations Worldwide worth $69,926,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VAC. Dimensional Fund Advisors LP increased its stake in Marriott Vacations Worldwide by 6.6% during 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 last quarter. Principal Financial Group Inc. increased its stake in Marriott Vacations Worldwide by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company's stock worth $106,140,000 after acquiring an additional 23,380 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Marriott Vacations Worldwide by 45.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock worth $42,739,000 after acquiring an additional 148,457 shares during the last quarter. New South Capital Management Inc. increased its stake in Marriott Vacations Worldwide by 1.0% during the fourth quarter. New South Capital Management Inc. now owns 367,974 shares of the company's stock worth $33,044,000 after acquiring an additional 3,580 shares during the last quarter. Finally, Norges Bank acquired a new stake in Marriott Vacations Worldwide during the fourth quarter worth $31,677,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the transaction, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This represents a 8.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho raised their price target on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Barclays lowered their price target on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Morgan Stanley upgraded Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial lowered their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.38.

Marriott Vacations Worldwide Stock Up 3.8 %

Shares of VAC stock traded up $2.11 during trading hours on Thursday, reaching $56.92. 266,268 shares of the stock were exchanged, compared to its average volume of 442,992. The firm has a market capitalization of $1.97 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.67 and a beta of 1.66. Marriott Vacations Worldwide Co. has a 12-month low of $49.22 and a 12-month high of $103.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The business's fifty day moving average is $63.30 and its two-hundred day moving average is $79.33.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 56.23%.

Marriott Vacations Worldwide 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.