Marriott Vacations Worldwide Co. (NYSE:VAC) Given Average Recommendation of “Hold” by Analysts

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $105.67.

Several research analysts have issued reports on VAC shares. Mizuho increased their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $97.00 to $116.00 in a research report on Friday, December 13th. Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a research report on Monday. They issued an “underweight” rating and a $87.00 price objective for the company. The Goldman Sachs Group increased their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Finally, Truist Financial upped their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th.

Marriott Vacations Worldwide Stock Down 0.0 %

Shares of NYSE:VAC opened at $86.02 on Friday. The firm has a fifty day moving average price of $91.39 and a 200 day moving average price of $82.33. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The stock has a market cap of $3.00 billion, a P/E ratio of 16.38, a P/E/G ratio of 0.86 and a beta of 1.84. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.67%. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio is 60.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently added to or reduced their stakes in VAC. Allspring Global Investments Holdings LLC boosted its stake in Marriott Vacations Worldwide by 128.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after purchasing an additional 366 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock worth $371,000 after acquiring an additional 216 shares during the last quarter. Natixis Advisors LLC bought a new position in Marriott Vacations Worldwide in the 2nd quarter valued at $993,000. Victory Capital Management Inc. increased its position in Marriott Vacations Worldwide by 20.3% in the second quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock worth $66,698,000 after purchasing an additional 129,131 shares during the period. Finally, Savant Capital LLC raised its stake in shares of Marriott Vacations Worldwide by 0.5% during the second quarter. Savant Capital LLC now owns 147,133 shares of the company’s stock worth $12,848,000 after buying an additional 784 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.