Marriott Vacations Worldwide (NYSE:VAC) Upgraded at Zacks Research

Zacks Research upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a strong sell rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

VAC has been the subject of several other reports. Truist Financial lowered their price objective on Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, November 14th. The Goldman Sachs Group decreased their price target on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating on the stock in a research note on Tuesday, November 11th. Wells Fargo & Company assumed coverage on Marriott Vacations Worldwide in a research report on Tuesday, November 18th. They set an “underweight” rating and a $37.00 price objective for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.13.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $58.94 on Wednesday. The company’s 50-day moving average is $58.03 and its two-hundred day moving average is $63.39. Marriott Vacations Worldwide has a 1-year low of $44.58 and a 1-year high of $88.80. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.46 and a beta of 1.33.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Marriott Vacations Worldwide’s dividend payout ratio is presently 71.75%.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, Director Jonice M. Gray purchased 1,100 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was bought at an average price of $54.47 per share, with a total value of $59,917.00. Following the transaction, the director directly owned 13,205 shares of the company’s stock, valued at approximately $719,276.35. This represents a 9.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 1,209 shares of company stock valued at $66,578. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new position in shares of Marriott Vacations Worldwide during the third quarter worth $25,000. Hantz Financial Services Inc. boosted its position in shares of Marriott Vacations Worldwide by 627.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock worth $28,000 after acquiring an additional 339 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Marriott Vacations Worldwide in the 3rd quarter valued at about $27,000. Assetmark Inc. raised its position in shares of Marriott Vacations Worldwide by 90.6% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after acquiring an additional 203 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Marriott Vacations Worldwide by 79.8% during the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock worth $34,000 after purchasing an additional 210 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.