Geode Capital Management LLC Buys 672 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Geode Capital Management LLC grew its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 552,548 shares of the company’s stock after acquiring an additional 672 shares during the quarter. Geode Capital Management LLC’s holdings in Marriott Vacations Worldwide were worth $40,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC purchased a new stake in Marriott Vacations Worldwide during the third quarter valued at $32,000. Quarry LP grew its stake in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at about $39,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Marriott Vacations Worldwide by 128.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock worth $57,000 after purchasing an additional 366 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Marriott Vacations Worldwide by 6,881.3% in 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 during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VAC shares. The Goldman Sachs Group increased their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Truist Financial lifted their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $97.00 to $116.00 in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $106.22.

Marriott Vacations Worldwide Trading Up 1.4 %

Shares of VAC opened at $91.61 on Wednesday. The firm has a market cap of $3.20 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84. 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 Co. has a 1 year low of $67.28 and a 1 year high of $108.57. The company has a 50 day simple moving average of $89.28 and a two-hundred day simple moving average of $82.18.

Marriott Vacations Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 19th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 3.45%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 57.90%.

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.