Marriott Vacations Worldwide (NYSE:VAC) Stock Rating Upgraded by Wall Street Zen

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently issued reports on VAC. Barclays cut their price objective on shares of Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a research report on Monday, December 29th. Wells Fargo & Company started coverage on Marriott Vacations Worldwide in a research note on Tuesday, November 18th. They set an “underweight” rating and a $37.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating on the stock in a report on Tuesday, November 11th. Finally, Zacks Research cut Marriott Vacations Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $61.13.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock opened at $53.97 on Friday. The firm has a market capitalization of $1.87 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. The company has a current ratio of 3.87, a quick ratio of 3.22 and a debt-to-equity ratio of 2.29. Marriott Vacations Worldwide has a 12 month low of $44.58 and a 12 month high of $91.18. The business’s 50-day moving average price is $57.80 and its 200-day moving average price is $64.05.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director William W. Mccarten acquired 5,000 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $48.08 per share, for a total transaction of $240,400.00. Following the acquisition, the director owned 13,708 shares in the company, valued at $659,080.64. This represents a 57.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonice M. Gray acquired 1,100 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of $54.47 per share, for a total transaction of $59,917.00. Following the completion of the transaction, the director owned 13,205 shares in the company, valued at approximately $719,276.35. The trade was a 9.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 96,209 shares of company stock worth $4,573,353 over the last three months. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its position in shares of Marriott Vacations Worldwide by 2.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,047 shares of the company’s stock worth $365,000 after purchasing an additional 139 shares during the period. Assetmark Inc. raised its stake in Marriott Vacations Worldwide by 90.6% in the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after buying an additional 203 shares in the last quarter. Allworth Financial LP lifted its holdings in Marriott Vacations Worldwide by 79.8% in the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock worth $34,000 after buying an additional 210 shares during the period. Diversified Trust Co. lifted its holdings in Marriott Vacations Worldwide by 6.1% in the fourth quarter. Diversified Trust Co. now owns 4,077 shares of the company’s stock worth $235,000 after buying an additional 234 shares during the period. Finally, Spire Wealth Management boosted its position in Marriott Vacations Worldwide by 21.8% during the 3rd quarter. Spire Wealth Management now owns 1,335 shares of the company’s stock valued at $89,000 after acquiring an additional 239 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.