Evoke Wealth LLC boosted its position in Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report) by 346.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,748 shares of the company’s stock after purchasing an additional 21,535 shares during the period. Evoke Wealth LLC’s holdings in Marriott Vacations Worldwide were worth $1,623,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new stake in Marriott Vacations Worldwide in the fourth quarter worth approximately $35,000. Covestor Ltd lifted its position in Marriott Vacations Worldwide by 52.1% in the fourth quarter. Covestor Ltd now owns 3,268 shares of the company’s stock worth $189,000 after purchasing an additional 1,119 shares during the period. Handelsbanken Fonder AB lifted its position in Marriott Vacations Worldwide by 4.4% in the fourth quarter. Handelsbanken Fonder AB now owns 11,977 shares of the company’s stock worth $691,000 after purchasing an additional 500 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Marriott Vacations Worldwide by 12.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,300 shares of the company’s stock worth $363,000 after purchasing an additional 711 shares during the period. Finally, Denali Advisors LLC bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter valued at $710,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.
Marriott Vacations Worldwide Price Performance
NYSE VAC opened at $75.18 on Friday. The stock has a market capitalization of $2.58 billion, a P/E ratio of -7.45, a P/E/G ratio of 1.72 and a beta of 1.20. Marriott Vacations Worldwide Corporation has a 1 year low of $44.58 and a 1 year high of $86.33. The business’s fifty day moving average is $70.65 and its two-hundred day moving average is $62.11. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.77 and a current ratio of 3.30.
Marriott Vacations Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, May 27th. Marriott Vacations Worldwide’s payout ratio is -31.71%.
Insider Transactions at Marriott Vacations Worldwide
In other news, insider Michael Flaskey bought 14,862 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $67.26 per share, with a total value of $999,618.12. Following the purchase, the insider directly owned 14,862 shares in the company, valued at $999,618.12. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.30% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
VAC has been the topic of several research reports. Wall Street Zen raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $92.00 price target on shares of Marriott Vacations Worldwide in a report on Thursday, April 30th. Jefferies Financial Group raised Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and upped their price target for the company from $52.00 to $105.00 in a report on Monday, March 2nd. Mizuho set a $103.00 price target on Marriott Vacations Worldwide in a report on Wednesday, May 6th. Finally, Zacks Research raised Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $80.70.
Get Our Latest Stock Report on VAC
Marriott Vacations Worldwide Profile
Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.
The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.
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