Marriott Vacations Worldwide Co. (NYSE:VAC) Given Consensus Rating of “Moderate Buy” by Analysts

Marriott Vacations Worldwide Co. (NYSE:VAC) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $106.22.

Several research analysts have recently commented on the company. Truist Financial lifted their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Stifel Nicolaus raised their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho increased their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $94.48 on Monday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.87 and a beta of 1.84. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57. The company’s 50-day simple moving average is $86.81 and its 200-day simple moving average is $82.22.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.16 annualized dividend and a yield of 3.34%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s payout ratio is presently 57.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC bought a new position in Marriott Vacations Worldwide in the 3rd quarter valued at about $32,000. Quarry LP lifted its stake in shares of Marriott Vacations Worldwide by 368.4% in the 2nd 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 bought a new position in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC increased its stake in shares of Marriott Vacations Worldwide by 128.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after acquiring an additional 366 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in 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 purchasing an additional 1,101 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

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.