Brown Lisle Cummings Inc. Makes New $50,000 Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Brown Lisle Cummings Inc. purchased a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 554 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at about $14,983,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 18.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after purchasing an additional 168,130 shares during the period. Cibc World Market Inc. increased its position in shares of Marriott Vacations Worldwide by 251.3% during the 4th 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. Harbor Capital Advisors Inc. lifted its position in Marriott Vacations Worldwide by 160.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,185 shares of the company’s stock valued at $4,863,000 after buying an additional 40,728 shares during the last quarter. Finally, Holocene Advisors LP lifted its position in Marriott Vacations Worldwide by 71.7% in the third quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock valued at $4,609,000 after buying an additional 26,199 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VAC shares. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $116.00 in a research note on Friday, December 13th. Truist Financial lifted their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho increased their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide Stock Down 0.6 %

Marriott Vacations Worldwide stock opened at $84.39 on Wednesday. The stock has a market cap of $2.95 billion, a PE ratio of 16.07, a P/E/G ratio of 0.66 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock’s fifty day moving average is $90.01 and its two-hundred day moving average is $82.40. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Thursday, December 19th. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 60.19%.

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.