True Wealth Design LLC Purchases Shares of 440 Marriott Vacations Worldwide Co. (NYSE:VAC)

True Wealth Design LLC acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 440 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verity Asset Management Inc. grew its holdings in Marriott Vacations Worldwide by 3.1% during the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after acquiring an additional 131 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Marriott Vacations Worldwide by 5.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock worth $371,000 after purchasing an additional 216 shares during the last quarter. Covestor Ltd grew its stake in shares of Marriott Vacations Worldwide by 32.3% during the third quarter. Covestor Ltd now owns 1,372 shares of the company’s stock worth $101,000 after purchasing an additional 335 shares in the last quarter. Quarry LP increased its holdings in Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after buying an additional 350 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Marriott Vacations Worldwide by 128.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after buying an additional 366 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Up 2.5 %

Shares of NYSE:VAC opened at $99.25 on Monday. The firm has a fifty day moving average price of $82.55 and a 200 day moving average price of $82.08. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57. 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 has a market cap of $3.46 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.90 and a beta of 1.79.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is presently 57.90%.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. This represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VAC shares. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective for the company. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Stifel Nicolaus raised their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho upped their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Hold” and a consensus target price of $101.56.

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.