Atria Investments Inc Purchases New Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Atria Investments Inc acquired a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) in the 4th quarter, Holdings Channel reports. The firm acquired 2,584 shares of the company’s stock, valued at approximately $232,000.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its position in shares of Marriott Vacations Worldwide by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock valued at $575,000 after purchasing an additional 166 shares in the last quarter. Stifel Financial Corp lifted its position in Marriott Vacations Worldwide by 3.4% during the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after buying an additional 184 shares during the period. Blue Trust Inc. boosted 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 valued at $48,000 after buying an additional 302 shares in the last quarter. Quarry LP grew its position in shares of Marriott Vacations Worldwide by 81.6% in the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after buying an additional 363 shares during the period. Finally, True Wealth Design LLC purchased a new position in Marriott Vacations Worldwide during the 3rd quarter valued at about $32,000. 89.52% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Stephanie Sobeck Butera bought 650 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $71.66 per share, with a total value of $46,579.00. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The company has a 50 day moving average price of $81.63 and a 200-day moving average price of $82.99. Marriott Vacations Worldwide Co. has a 52 week low of $65.43 and a 52 week high of $108.57. The firm has a market capitalization of $2.29 billion, a PE ratio of 12.47, a P/E/G ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. As a group, equities research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective 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. Truist Financial lowered their price objective on 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. The Goldman Sachs Group increased their target price on 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 assumed coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and an average target price of $102.75.

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.