Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in Marriott Vacations Worldwide Co. (NYSE:VAC) by 57.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,092 shares of the company’s stock after buying an additional 765 shares during the period. Sterling Capital Management LLC’s holdings in Marriott Vacations Worldwide were worth $188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VAC. Blue Trust Inc. lifted its position in Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at about $97,000. Atala Financial Inc bought a new position in Marriott Vacations Worldwide in the 4th quarter valued at about $112,000. Finally, KBC Group NV raised its position in shares of Marriott Vacations Worldwide by 51.5% during the 4th quarter. KBC Group NV now owns 1,460 shares of the company’s stock worth $131,000 after buying an additional 496 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Buying and Selling

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. This represents a 8.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VAC has been the topic of several research reports. Morgan Stanley assumed 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 target on the stock. Barclays dropped their price target on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Truist Financial cut their target price 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. Stifel Nicolaus dropped their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group reduced their price objective on shares of Marriott Vacations Worldwide from $78.00 to $48.00 and set a “sell” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $98.13.

Marriott Vacations Worldwide Trading Down 0.8 %

Shares of NYSE VAC opened at $52.73 on Tuesday. The business has a 50-day moving average price of $67.82 and a two-hundred day moving average price of $80.31. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $1.82 billion, a PE ratio of 10.04, a PEG ratio of 0.67 and a beta of 1.66. Marriott Vacations Worldwide Co. has a one year low of $49.22 and a one year high of $103.51.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.23%.

About Marriott Vacations Worldwide

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.