Cambridge Investment Research Advisors Inc. lifted its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,338 shares of the company’s stock after purchasing an additional 160 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Marriott Vacations Worldwide were worth $285,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of VAC. Long Pond Capital LP acquired a new position in Marriott Vacations Worldwide in the second quarter valued at approximately $43,842,000. Assenagon Asset Management S.A. acquired a new position in Marriott Vacations Worldwide in the second quarter valued at approximately $22,191,000. Burgundy Asset Management Ltd. increased its stake in Marriott Vacations Worldwide by 31.7% in the second quarter. Burgundy Asset Management Ltd. now owns 534,931 shares of the company’s stock valued at $62,159,000 after purchasing an additional 128,725 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Marriott Vacations Worldwide by 27.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 444,878 shares of the company’s stock valued at $70,158,000 after purchasing an additional 96,027 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC increased its stake in Marriott Vacations Worldwide by 427.4% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 109,085 shares of the company’s stock valued at $17,203,000 after purchasing an additional 88,403 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
VAC has been the subject of several research reports. Credit Suisse Group lowered their price objective on shares of Marriott Vacations Worldwide from $227.00 to $219.00 and set an “outperform” rating for the company in a research report on Wednesday, November 2nd. StockNews.com initiated coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Truist Financial increased their target price on shares of Marriott Vacations Worldwide from $202.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 15th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Buy” and an average price target of $195.25.
Marriott Vacations Worldwide Trading Up 0.7 %
Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last posted its earnings results on Monday, October 31st. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.63 by $0.39. Marriott Vacations Worldwide had a net margin of 7.97% and a return on equity of 15.95%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $1.60 EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. Equities research analysts forecast that Marriott Vacations Worldwide Co. will post 10.45 earnings per share for the current fiscal year.
Marriott Vacations Worldwide Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Thursday, December 22nd were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, December 21st. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.62. Marriott Vacations Worldwide’s payout ratio is 35.47%.
Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.
- Get a free copy of the StockNews.com research report on Marriott Vacations Worldwide (VAC)
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