Wedge Capital Management L L P NC Raises Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Wedge Capital Management L L P NC boosted its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,133 shares of the company’s stock after purchasing an additional 5,729 shares during the period. Wedge Capital Management L L P NC owned approximately 0.17% of Marriott Vacations Worldwide worth $5,220,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. True Wealth Design LLC bought a new stake in shares of Marriott Vacations Worldwide in the third quarter worth $32,000. Quarry LP grew its stake in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at about $39,000. Venturi Wealth Management LLC lifted its stake in shares of Marriott Vacations Worldwide by 6,881.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock worth $82,000 after purchasing an additional 1,101 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Marriott Vacations Worldwide in the third quarter worth approximately $97,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on VAC shares. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Stifel Nicolaus raised their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group increased 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 note on Tuesday, December 10th. Finally, Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Two analysts have 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, the stock has an average rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC opened at $85.19 on Friday. The company has a market cap of $2.97 billion, a P/E ratio of 16.23, a P/E/G ratio of 0.63 and a beta of 1.84. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The firm’s fifty day moving average is $91.55 and its two-hundred day moving average is $82.36.

Marriott Vacations Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were given a $0.79 dividend. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, December 19th. Marriott Vacations Worldwide’s payout ratio is currently 60.19%.

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.