Nordea Investment Management AB Purchases 1,715 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Nordea Investment Management AB lifted its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,141 shares of the company’s stock after acquiring an additional 1,715 shares during the period. Nordea Investment Management AB’s holdings in Marriott Vacations Worldwide were worth $2,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VAC. AQR Capital Management LLC boosted its stake in Marriott Vacations Worldwide by 178.2% during the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after purchasing an additional 227,465 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Marriott Vacations Worldwide by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after purchasing an additional 207,938 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at $14,983,000. Hotchkis & Wiley Capital Management LLC increased its holdings in Marriott Vacations Worldwide by 18.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after buying an additional 168,130 shares in the last quarter. Finally, Tremblant Capital Group raised its position in Marriott Vacations Worldwide by 79.7% in the 2nd quarter. Tremblant Capital Group now owns 93,858 shares of the company’s stock worth $8,196,000 after buying an additional 41,616 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC opened at $83.29 on Friday. The firm’s 50 day simple moving average is $91.75 and its two-hundred day simple moving average is $82.34. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The company has a market capitalization of $2.91 billion, a P/E ratio of 15.86, a P/E/G ratio of 0.86 and a beta of 1.84. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were issued a $0.79 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.16 annualized dividend and a yield of 3.79%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VAC shares. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. The Goldman Sachs Group raised their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Truist Financial boosted their target price 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. Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $97.00 to $116.00 in a research note on Friday, December 13th. Finally, Mizuho upped their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus target price of $105.67.

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.