Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) Target Price at $108.00

Marriott Vacations Worldwide Co. (NYSE:VAC) has earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $105.67.

A number of research firms have recently weighed in on VAC. Truist Financial upped their target price on shares of 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 raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research report on Monday. They issued an “underweight” rating and a $87.00 price target on the stock. Mizuho lifted their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays raised 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 research note on Friday, December 13th.

Institutional Trading of Marriott Vacations Worldwide

A number of large investors have recently made changes to their positions in VAC. Allspring Global Investments Holdings LLC grew its position in 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. Commonwealth Equity Services LLC grew its holdings in shares of Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock worth $371,000 after acquiring an additional 216 shares during the period. Natixis Advisors LLC purchased a new stake in Marriott Vacations Worldwide during the second quarter valued at $993,000. Victory Capital Management Inc. increased its position in shares of Marriott Vacations Worldwide by 20.3% during the 2nd quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock valued at $66,698,000 after purchasing an additional 129,131 shares during the last quarter. Finally, Savant Capital LLC raised its position in Marriott Vacations Worldwide by 0.5% in the second quarter. Savant Capital LLC now owns 147,133 shares of the company’s stock worth $12,848,000 after acquiring an additional 784 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Stock Down 0.3 %

Shares of NYSE VAC opened at $85.46 on Friday. The firm has a fifty day simple moving average of $91.66 and a two-hundred day simple moving average of $82.37. The firm has a market capitalization of $2.98 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were paid a dividend of $0.79 per share. The ex-dividend date was Thursday, December 19th. This represents a $3.16 annualized dividend and a yield of 3.70%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

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.