Marriott Vacations Worldwide Co. (NYSE:VAC) Holdings Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 16.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 96,139 shares of the company’s stock after acquiring an additional 13,840 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Marriott Vacations Worldwide were worth $8,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. grew its holdings in Marriott Vacations Worldwide by 130.7% during the fourth 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. Brown Lisle Cummings Inc. purchased a new position in Marriott Vacations Worldwide in the 4th quarter worth about $50,000. True Wealth Design LLC increased its stake in Marriott Vacations Worldwide by 35.2% in the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock worth $53,000 after purchasing an additional 155 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Marriott Vacations Worldwide in the 4th quarter worth about $89,000. Finally, Atala Financial Inc purchased a new position in Marriott Vacations Worldwide in the 4th quarter worth about $112,000. 89.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera purchased 650 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This trade represents a 8.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

VAC has been the topic of a number of analyst reports. Mizuho dropped their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus lowered their target price 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. Truist Financial lowered their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research note on Friday, May 9th. Finally, Morgan Stanley upgraded Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $67.00 to $57.00 in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $92.25.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC opened at $65.86 on Friday. The business has a fifty day simple moving average of $60.73 and a 200 day simple moving average of $76.88. 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 $2.27 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.67 and a beta of 1.42. Marriott Vacations Worldwide Co. has a one year low of $49.22 and a one year high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.10. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 earnings per share. Sell-side analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 53.92%.

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.