9,327 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Acquired by PDT Partners LLC

PDT Partners LLC purchased a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,327 shares of the company’s stock, valued at approximately $685,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after acquiring an additional 350 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at about $39,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Marriott Vacations Worldwide by 128.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after purchasing an additional 366 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Marriott Vacations Worldwide during the second quarter worth about $90,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 6,881.3% during the third quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock worth $82,000 after buying an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

VAC opened at $97.63 on Tuesday. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The business has a 50 day moving average of $82.55 and a 200-day moving average of $81.96. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.90 and a beta of 1.79.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is 57.90%.

Insiders Place Their Bets

In other news, insider Jason P. Marino bought 700 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

VAC has been the topic of several research reports. The Goldman Sachs Group assumed coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price on the stock. Stifel Nicolaus increased their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial lifted their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft dropped their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Mizuho upped their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five 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 $101.56.

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.