Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP boosted its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 44.5% during the 4th quarter, HoldingsChannel reports. The fund owned 119,183 shares of the company’s stock after buying an additional 36,682 shares during the period. Hudson Bay Capital Management LP’s holdings in Marriott Vacations Worldwide were worth $10,703,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Marriott Vacations Worldwide during the fourth quarter valued at $50,000. Atala Financial Inc bought a new stake in Marriott Vacations Worldwide during the fourth quarter valued at $112,000. KBC Group NV increased its stake in Marriott Vacations Worldwide by 51.5% during the fourth quarter. KBC Group NV now owns 1,460 shares of the company’s stock valued at $131,000 after purchasing an additional 496 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Marriott Vacations Worldwide by 40.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company’s stock valued at $141,000 after purchasing an additional 455 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on VAC shares. Truist Financial lowered their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Mizuho lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday. The Goldman Sachs Group boosted their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research note on Friday. Stifel Nicolaus lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.38.

Insider Buying and Selling

In related news, insider Stephanie Sobeck Butera acquired 650 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the acquisition, the insider now directly owns 8,770 shares of the company’s stock, valued at $628,458.20. This trade represents a 8.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Marriott Vacations Worldwide Stock Up 0.5%

Marriott Vacations Worldwide stock opened at $64.66 on Monday. The company has a 50-day simple moving average of $60.61 and a 200-day simple moving average of $78.51. The firm has a market capitalization of $2.23 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a one year low of $49.22 and a one year high of $102.39.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.56 by $0.10. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 earnings per share. As a group, equities analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 4.89%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is currently 53.92%.

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.