Victory Capital Management Inc. Buys 71,930 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Victory Capital Management Inc. raised its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 490,132 shares of the company’s stock after purchasing an additional 71,930 shares during the quarter. Victory Capital Management Inc.’s holdings in Marriott Vacations Worldwide were worth $41,607,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VAC. EverSource Wealth Advisors LLC increased its holdings in shares of Marriott Vacations Worldwide by 194.1% in the third quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 165 shares during the last quarter. Signaturefd LLC boosted its position 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 acquiring an additional 890 shares during the last quarter. Covestor Ltd increased its position in Marriott Vacations Worldwide by 62.0% in the third quarter. Covestor Ltd now owns 1,184 shares of the company’s stock worth $119,000 after purchasing an additional 453 shares during the last quarter. NBC Securities Inc. purchased a new stake in Marriott Vacations Worldwide during the third quarter valued at $132,000. Finally, Quantbot Technologies LP purchased a new stake in Marriott Vacations Worldwide during the third quarter valued at $143,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Down 0.5 %

NYSE VAC opened at $97.18 on Monday. The stock has a market cap of $3.42 billion, a PE ratio of 15.55 and a beta of 1.85. Marriott Vacations Worldwide Co. has a 12 month low of $72.78 and a 12 month high of $137.20. The company’s 50-day moving average price is $98.83 and its 200-day moving average price is $89.24. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.08. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $2.74 earnings per share. Equities research analysts forecast that Marriott Vacations Worldwide Co. will post 7.8 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is 48.64%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VAC shares. JMP Securities upped their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th. Truist Financial lifted their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. increased their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Barclays lifted their price objective on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Finally, Mizuho assumed 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $109.71.

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.