Marriott Vacations Worldwide Corporation (NYSE:VAC) Receives $61.13 Consensus PT from Brokerages

Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) have earned an average rating of “Reduce” from the ten research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $61.1250.

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Marriott Vacations Worldwide in a research report on Monday, December 29th. Wall Street Zen raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research cut Marriott Vacations Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Citizens Jmp decreased their target price on shares of Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Finally, The Goldman Sachs Group cut their price target on shares of Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating for the company in a report on Tuesday, November 11th.

Marriott Vacations Worldwide Stock Up 1.2%

Shares of Marriott Vacations Worldwide stock opened at $53.97 on Friday. The stock’s 50-day moving average is $57.80 and its 200 day moving average is $64.05. Marriott Vacations Worldwide has a one year low of $44.58 and a one year high of $91.18. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.32 and a beta of 1.33. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22.

Marriott Vacations Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 24th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Wednesday, December 24th. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. Marriott Vacations Worldwide’s payout ratio is 71.75%.

Insider Activity at Marriott Vacations Worldwide

In related news, Director Christian Asmar acquired 84,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was bought at an average cost of $47.44 per share, with a total value of $3,984,960.00. Following the acquisition, the director owned 4,130,340 shares of the company’s stock, valued at approximately $195,943,329.60. The trade was a 2.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dianna Morgan bought 500 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $51.22 per share, for a total transaction of $25,610.00. Following the purchase, the director owned 23,094 shares of the company’s stock, valued at $1,182,874.68. The trade was a 2.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 96,209 shares of company stock valued at $4,573,353 in the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in shares of Marriott Vacations Worldwide by 2.8% during the second quarter. Nisa Investment Advisors LLC now owns 5,047 shares of the company’s stock valued at $365,000 after buying an additional 139 shares during the period. Assetmark Inc. raised its position in shares of Marriott Vacations Worldwide by 90.6% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after acquiring an additional 203 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Marriott Vacations Worldwide by 79.8% in the 2nd quarter. Allworth Financial LP now owns 473 shares of the company’s stock valued at $34,000 after purchasing an additional 210 shares during the period. Diversified Trust Co. boosted its position in shares of Marriott Vacations Worldwide by 6.1% during the fourth quarter. Diversified Trust Co. now owns 4,077 shares of the company’s stock valued at $235,000 after purchasing an additional 234 shares in the last quarter. Finally, Spire Wealth Management boosted its position in shares of Marriott Vacations Worldwide by 21.8% during the third quarter. Spire Wealth Management now owns 1,335 shares of the company’s stock valued at $89,000 after purchasing an additional 239 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.