Victory Capital Management Inc. Raises Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Victory Capital Management Inc. boosted its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 767,818 shares of the company’s stock after buying an additional 3,983 shares during the period. Victory Capital Management Inc. owned approximately 2.19% of Marriott Vacations Worldwide worth $56,419,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Marriott Vacations Worldwide by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after acquiring an additional 143,074 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock worth $139,687,000 after buying an additional 207,938 shares in the last quarter. Impactive Capital LP bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter worth about $123,613,000. Burgundy Asset Management Ltd. raised its position in shares of Marriott Vacations Worldwide by 3.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,096,286 shares of the company’s stock valued at $118,103,000 after buying an additional 32,218 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 19.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock valued at $63,059,000 after acquiring an additional 115,993 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective on the stock. Truist Financial lowered their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Stifel Nicolaus cut their price objective on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. JMP Securities lowered their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Finally, Barclays upped their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $98.05.

Marriott Vacations Worldwide Stock Up 0.2 %

Shares of NYSE VAC opened at $92.87 on Friday. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 0.85 and a beta of 1.79. The stock has a 50 day moving average price of $77.69 and a 200 day moving average price of $82.50. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s payout ratio is 57.90%.

Marriott Vacations Worldwide Profile

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.