Covestor Ltd Purchases 335 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Covestor Ltd boosted its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 32.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,372 shares of the company’s stock after purchasing an additional 335 shares during the period. Covestor Ltd’s holdings in Marriott Vacations Worldwide were worth $101,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth $39,000. Verity Asset Management Inc. boosted its stake in shares of Marriott Vacations Worldwide by 3.1% in the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after purchasing an additional 131 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Marriott Vacations Worldwide by 160.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 66,185 shares of the company’s stock valued at $4,863,000 after purchasing an additional 40,728 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Marriott Vacations Worldwide by 2.8% during the 3rd quarter. Pallas Capital Advisors LLC now owns 35,285 shares of the company’s stock valued at $2,706,000 after purchasing an additional 968 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Marriott Vacations Worldwide by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,933 shares of the company’s stock worth $663,000 after purchasing an additional 3,110 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Down 0.3 %

NYSE:VAC opened at $93.86 on Wednesday. Marriott Vacations Worldwide Co. has a 52 week low of $67.28 and a 52 week high of $108.57. The firm’s fifty day moving average is $76.89 and its 200-day moving average is $82.36. The firm has a market cap of $3.29 billion, a P/E ratio of 17.88, a P/E/G ratio of 0.87 and a beta of 1.79. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.72 and a current ratio of 3.28.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 57.90%.

Analysts Set New Price Targets

A number of research firms have weighed in on VAC. Barclays boosted their target price on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. JMP Securities dropped their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Finally, Truist Financial reduced their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Hold” and a consensus target price of $98.05.

Insider Activity

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is owned by company insiders.

Marriott Vacations Worldwide Company 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.