Northern Trust Corp Has $29.08 Million Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Northern Trust Corp lifted its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 323,770 shares of the company’s stock after purchasing an additional 78,618 shares during the period. Northern Trust Corp owned 0.93% of Marriott Vacations Worldwide worth $29,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after acquiring an additional 302 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth $734,000. Norges Bank bought a new position in Marriott Vacations Worldwide during the fourth quarter worth $31,677,000. Family Office Research LLC bought a new position in Marriott Vacations Worldwide during the fourth quarter worth $1,702,000. Finally, Fox Run Management L.L.C. bought a new position in Marriott Vacations Worldwide during the fourth quarter worth $560,000. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Marriott Vacations Worldwide Trading Up 0.5%

Marriott Vacations Worldwide stock opened at $64.66 on Monday. The firm’s 50 day moving average price is $60.61 and its 200-day moving average price is $78.51. Marriott Vacations Worldwide Co. has a 1 year low of $49.22 and a 1 year high of $102.39. 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 $2.23 billion, a P/E ratio of 12.32, a PEG ratio of 0.67 and a beta of 1.42.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the firm posted $1.80 earnings per share. Marriott Vacations Worldwide’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is 53.92%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley raised shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Mizuho reduced their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday. Truist Financial reduced their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Stifel Nicolaus reduced 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. Finally, The Goldman Sachs Group lifted their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $93.38.

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.