Fox Run Management L.L.C. Invests $560,000 in Marriott Vacations Worldwide Co. (NYSE:VAC)

Fox Run Management L.L.C. purchased a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,231 shares of the company’s stock, valued at approximately $560,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VAC. True Wealth Design LLC purchased a new position in Marriott Vacations Worldwide during the third quarter valued at $32,000. Blue Trust Inc. boosted its stake in Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Marriott Vacations Worldwide during the 4th quarter valued at about $50,000. Quarry LP increased its stake in Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after purchasing an additional 363 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Marriott Vacations Worldwide in the third quarter worth about $97,000. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial lowered their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Mizuho lifted their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Barclays cut their target price on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $102.75.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This represents a 8.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Stock Up 2.0 %

NYSE VAC opened at $67.20 on Tuesday. Marriott Vacations Worldwide Co. has a 52 week low of $63.46 and a 52 week high of $108.57. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $2.35 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The stock’s 50-day moving average price is $80.25 and its 200-day moving average price is $82.81.

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

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.79 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 4.70%. Marriott Vacations Worldwide’s payout ratio is presently 56.23%.

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.