Connable Office Inc. Boosts Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Connable Office Inc. raised its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 28.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,447 shares of the company’s stock after buying an additional 990 shares during the period. Connable Office Inc.’s holdings in Marriott Vacations Worldwide were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Impactive Capital LP purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at approximately $123,613,000. AQR Capital Management LLC raised its position in Marriott Vacations Worldwide by 178.2% during the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after purchasing an additional 227,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 during the period. International Assets Investment Management LLC bought a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth $14,983,000. Finally, Vanguard Group Inc. grew 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 worth $351,872,000 after buying an additional 143,074 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Mizuho lifted their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target for the company. JMP Securities cut their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Barclays increased their target price on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.05.

Insiders Place Their Bets

In other news, insider Jason P. Marino bought 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. This represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Trading Up 0.2 %

Marriott Vacations Worldwide stock opened at $92.87 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The stock has a market cap of $3.24 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. The stock has a 50-day moving average of $77.69 and a two-hundred day moving average of $82.50. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57.

Marriott Vacations Worldwide Announces Dividend

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

Marriott Vacations Worldwide Company 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.