Victory Capital Management Inc. Purchases 71,930 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Victory Capital Management Inc. grew its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,132 shares of the company’s stock after purchasing an additional 71,930 shares during the period. Victory Capital Management Inc. owned approximately 1.38% of Marriott Vacations Worldwide worth $41,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Investing LLC increased its stake in Marriott Vacations Worldwide by 19.1% in the 3rd quarter. Inspire Investing LLC now owns 3,053 shares of the company’s stock worth $307,000 after acquiring an additional 490 shares during the last quarter. ING Groep NV purchased a new position in Marriott Vacations Worldwide in the 3rd quarter worth approximately $1,157,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Marriott Vacations Worldwide by 1,075.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,763 shares of the company’s stock worth $278,000 after buying an additional 2,528 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at $224,000. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 12.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company’s stock worth $258,000 after acquiring an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock opened at $97.18 on Monday. The company’s fifty day simple moving average is $98.83 and its two-hundred day simple moving average is $89.24. Marriott Vacations Worldwide Co. has a 12-month low of $72.78 and a 12-month high of $137.20. The firm has a market cap of $3.42 billion, a PE ratio of 15.55 and a beta of 1.85. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $2.74 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts expect that Marriott Vacations Worldwide Co. will post 7.8 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.13%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 48.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays raised their price target on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. boosted their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Mizuho started coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They set a “buy” rating and a $128.00 price target on the stock. Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, JMP Securities lifted their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Hold” and an average price target of $109.71.

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.