AlphaQuest LLC Acquires Shares of 2,709 Marriott Vacations Worldwide Co. (NYSE:VAC)

AlphaQuest LLC bought a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) during the 4th quarter, HoldingsChannel reports. The fund bought 2,709 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its position in shares of Marriott Vacations Worldwide by 18.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after acquiring an additional 168,130 shares during the period. Cibc World Market Inc. grew its stake in shares of Marriott Vacations Worldwide by 251.3% in the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock worth $11,977,000 after purchasing an additional 95,409 shares during the last quarter. Holocene Advisors LP increased its holdings in Marriott Vacations Worldwide by 71.7% during the 3rd quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock valued at $4,609,000 after purchasing an additional 26,199 shares during the period. Principal Financial Group Inc. raised its position in Marriott Vacations Worldwide by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after purchasing an additional 23,380 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in Marriott Vacations Worldwide by 483.8% in the 3rd quarter. Verition Fund Management LLC now owns 27,908 shares of the company’s stock worth $2,051,000 after buying an additional 23,128 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera acquired 650 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now owns 8,770 shares of the company’s stock, valued at $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VAC. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. 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. Truist Financial reduced their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Barclays lowered their price objective on shares of 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, The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus price target of $102.75.

Marriott Vacations Worldwide Stock Up 0.2 %

Shares of NYSE:VAC opened at $66.55 on Friday. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The stock has a fifty day simple moving average of $82.39 and a two-hundred day simple moving average of $83.02. Marriott Vacations Worldwide Co. has a 12-month low of $65.94 and a 12-month high of $108.57. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.67 and a beta of 1.83.

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

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 56.23%.

Marriott Vacations Worldwide 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.