International Assets Investment Management LLC Buys 65,762 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

International Assets Investment Management LLC raised its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 234,864.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,790 shares of the company’s stock after buying an additional 65,762 shares during the period. International Assets Investment Management LLC’s holdings in Marriott Vacations Worldwide were worth $5,585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of Marriott Vacations Worldwide by 194.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock valued at $25,000 after buying an additional 165 shares during the last quarter. Swiss National Bank grew its position in shares of Marriott Vacations Worldwide by 0.3% in the 3rd quarter. Swiss National Bank now owns 76,936 shares of the company’s stock valued at $7,742,000 after buying an additional 200 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Marriott Vacations Worldwide by 12.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $258,000 after purchasing an additional 274 shares during the period. Covestor Ltd lifted its stake in shares of Marriott Vacations Worldwide by 62.0% in the 3rd quarter. Covestor Ltd now owns 1,184 shares of the company’s stock valued at $119,000 after purchasing an additional 453 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Marriott Vacations Worldwide by 19.1% in the 3rd quarter. Inspire Investing LLC now owns 3,053 shares of the company’s stock valued at $307,000 after purchasing an additional 490 shares during the period. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 1.7 %

VAC stock opened at $99.20 on Wednesday. The stock’s 50 day simple moving average is $98.98 and its 200 day simple moving average is $89.34. Marriott Vacations Worldwide Co. has a fifty-two week low of $72.78 and a fifty-two week high of $134.09. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15. The company has a market cap of $3.49 billion, a P/E ratio of 15.87 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.14. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.54 EPS. On average, research analysts expect that Marriott Vacations Worldwide Co. will post 7.8 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is currently 48.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VAC shares. Mizuho started coverage on Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price objective on the stock. Truist Financial boosted their price objective 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. Barclays boosted their price objective on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. JMP Securities boosted their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Finally, Stifel Nicolaus boosted their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $110.63.

About Marriott Vacations Worldwide

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.