Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC) by 6,557.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,647 shares of the company’s stock after buying an additional 14,427 shares during the period. GAMMA Investing LLC’s holdings in Marriott Vacations Worldwide were worth $941,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in shares of Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after buying an additional 155 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at approximately $89,000. Atala Financial Inc acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at approximately $112,000. Venturi Wealth Management LLC boosted its position in Marriott Vacations Worldwide by 40.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company’s stock valued at $141,000 after purchasing an additional 455 shares during the period. Finally, Sterling Capital Management LLC boosted its position in Marriott Vacations Worldwide by 57.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,092 shares of the company’s stock valued at $188,000 after purchasing an additional 765 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Stifel Nicolaus reduced their price target on 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. Barclays dropped their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Mizuho dropped their price objective on Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Morgan Stanley raised Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Finally, Truist Financial lowered their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.25.

Marriott Vacations Worldwide Trading Up 3.9%

Marriott Vacations Worldwide stock opened at $67.32 on Tuesday. The business has a 50 day moving average price of $62.14 and a two-hundred day moving average price of $74.62. 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 stock has a market cap of $2.32 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.46. Marriott Vacations Worldwide Co. has a 12 month low of $49.22 and a 12 month high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company earned $1.80 EPS. Marriott Vacations Worldwide’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 53.92%.

Marriott Vacations Worldwide Company 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.