Mariner LLC Purchases New Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Mariner LLC acquired a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,577 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds have also bought and sold shares of the business. Virtu Financial LLC purchased a new stake in Marriott Vacations Worldwide during the 3rd quarter worth about $245,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter worth about $97,000. Tidal Investments LLC boosted its position in shares of Marriott Vacations Worldwide by 6.1% in the third quarter. Tidal Investments LLC now owns 8,098 shares of the company’s stock valued at $595,000 after acquiring an additional 464 shares during the period. Nordea Investment Management AB grew its stake in Marriott Vacations Worldwide by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 28,141 shares of the company’s stock valued at $2,549,000 after acquiring an additional 1,715 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Marriott Vacations Worldwide by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 66,847 shares of the company’s stock worth $6,003,000 after acquiring an additional 662 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Marriott Vacations Worldwide Stock Down 0.8 %

Shares of NYSE VAC opened at $58.02 on Wednesday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.67 and a beta of 1.42. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The firm’s fifty day moving average is $61.26 and its 200 day moving average is $78.80. Marriott Vacations Worldwide Co. has a 52 week low of $49.22 and a 52 week high of $103.46.

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

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 5.45%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.23%.

Analysts Set New Price Targets

Several research analysts have commented on VAC shares. Truist Financial cut their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a report on Friday, March 7th. Mizuho boosted their target price 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. The Goldman Sachs Group lowered their price target on Marriott Vacations Worldwide from $78.00 to $48.00 and set a “sell” rating on the stock in a report on Monday, April 14th. Barclays cut their price objective on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.38.

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.