2,284 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Purchased by London Co. of Virginia

London Co. of Virginia purchased a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,284 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in Marriott Vacations Worldwide by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock valued at $575,000 after purchasing an additional 166 shares during the period. Xponance Inc. grew its stake in shares of Marriott Vacations Worldwide by 6.2% during the 4th quarter. Xponance Inc. now owns 3,809 shares of the company’s stock valued at $342,000 after buying an additional 221 shares during the period. Blue Trust Inc. increased its holdings in shares of Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after buying an additional 302 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Marriott Vacations Worldwide by 40.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company’s stock worth $141,000 after buying an additional 455 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Marriott Vacations Worldwide by 51.5% in the 4th quarter. KBC Group NV now owns 1,460 shares of the company’s stock worth $131,000 after buying an additional 496 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $70.03 on Tuesday. The firm has a 50-day moving average of $60.56 and a two-hundred day moving average of $78.46. 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 stock has a market cap of $2.42 billion, a P/E ratio of 13.34, a PEG ratio of 0.67 and a beta of 1.42. Marriott Vacations Worldwide Co. has a 1-year low of $49.22 and a 1-year high of $102.39.

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

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.51%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 53.92%.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera acquired 650 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Mizuho dropped their price target on 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 increased their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a “sell” rating in a research report on Friday. Truist Financial reduced their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus dropped their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $67.00 to $57.00 in a report 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.25.

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.