Charles Schwab Investment Management Inc. Raises Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 255,947 shares of the company’s stock after acquiring an additional 6,516 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Marriott Vacations Worldwide were worth $22,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of VAC. True Wealth Design LLC purchased a new position in shares of Marriott Vacations Worldwide during the third quarter worth about $32,000. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth about $50,000. Quarry LP grew its holdings in shares of Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Marriott Vacations Worldwide during the third quarter worth about $97,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Mizuho boosted their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Truist Financial dropped their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Morgan Stanley assumed coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price for the company. Finally, Stifel Nicolaus dropped their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.75.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought 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 directly owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $65.47 on Wednesday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a fifty-two week low of $65.43 and a fifty-two week high of $108.57. The stock has a 50 day moving average price of $81.63 and a two-hundred day moving average price of $82.99. The company has a market capitalization of $2.29 billion, a P/E ratio of 12.47, a PEG ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.79 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 4.83%. Marriott Vacations Worldwide’s payout ratio is currently 56.23%.

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.