Alliancebernstein L.P. Has $5.40 Million Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Alliancebernstein L.P. boosted its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 54.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,142 shares of the company’s stock after buying an additional 21,224 shares during the quarter. Alliancebernstein L.P.’s holdings in Marriott Vacations Worldwide were worth $5,401,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in shares of Marriott Vacations Worldwide by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after purchasing an additional 23,380 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Marriott Vacations Worldwide by 45.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company’s stock valued at $42,739,000 after purchasing an additional 148,457 shares during the last quarter. New South Capital Management Inc. boosted its position in Marriott Vacations Worldwide by 1.0% in the fourth quarter. New South Capital Management Inc. now owns 367,974 shares of the company’s stock valued at $33,044,000 after buying an additional 3,580 shares in the last quarter. Norges Bank bought a new stake in Marriott Vacations Worldwide during the fourth quarter worth about $31,677,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Marriott Vacations Worldwide by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,947 shares of the company’s stock worth $22,984,000 after buying an additional 6,516 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus reduced their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Truist Financial decreased their target price 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 Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Barclays reduced their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Finally, Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.75.

Insider Transactions at Marriott Vacations Worldwide

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

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock opened at $53.54 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 0.67 and a beta of 1.66. Marriott Vacations Worldwide Co. has a 12-month low of $49.22 and a 12-month high of $103.51. 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 business’s 50-day simple moving average is $71.62 and its 200 day simple moving average is $81.19.

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

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 annualized dividend and a dividend yield of 5.90%. Marriott Vacations Worldwide’s dividend payout ratio is currently 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.