Prudential Financial Inc. Makes New Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Prudential Financial Inc. acquired a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,416 shares of the company’s stock, valued at approximately $1,564,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its holdings in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after buying an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth about $50,000. Quarry LP lifted its stake in Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Marriott Vacations Worldwide in the third quarter valued at approximately $97,000. Finally, Atala Financial Inc purchased a new position in Marriott Vacations Worldwide in the fourth quarter valued at approximately $112,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Down 3.5 %

Marriott Vacations Worldwide stock opened at $54.64 on Friday. The stock has a 50 day moving average of $76.19 and a two-hundred day moving average of $82.23. Marriott Vacations Worldwide Co. has a twelve month low of $50.97 and a twelve month high of $104.49. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.67 and a beta of 1.83. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.35. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. As a group, research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.79 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 5.78%. Marriott Vacations Worldwide’s payout ratio is currently 56.23%.

Analyst Upgrades and Downgrades

VAC has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Stifel Nicolaus decreased their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Morgan Stanley started coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Mizuho upped their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, Truist Financial cut their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.75.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of Marriott Vacations Worldwide stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by corporate insiders.

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.