Stifel Nicolaus Issues Positive Forecast for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its price target boosted by Stifel Nicolaus from $102.00 to $112.00 in a research report released on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages also recently issued reports on VAC. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. JMP Securities lowered their target price on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. Finally, Barclays raised their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and an average target price of $101.56.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $96.50 on Tuesday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.85 and a beta of 1.79. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The business has a 50-day moving average of $80.67 and a 200-day moving average of $82.04.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.15%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 57.90%.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently made changes to their positions in the stock. Verity Asset Management Inc. boosted its position in Marriott Vacations Worldwide by 3.1% during 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 during the period. Stifel Financial Corp lifted its stake in Marriott Vacations Worldwide by 3.4% in 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 last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Marriott Vacations Worldwide by 5.4% during the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after acquiring an additional 216 shares during the period. Covestor Ltd grew its position in shares of Marriott Vacations Worldwide by 32.3% during the third quarter. Covestor Ltd now owns 1,372 shares of the company’s stock worth $101,000 after acquiring an additional 335 shares during the last quarter. Finally, Quarry LP grew its position 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 last quarter. 89.52% of the stock is owned by institutional investors.

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.