Marriott Vacations Worldwide (NYSE:VAC) Price Target Raised to $117.00

Marriott Vacations Worldwide (NYSE:VAC) had its price target hoisted by Mizuho from $110.00 to $117.00 in a report published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. The Goldman Sachs Group initiated coverage on Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective for the company. Stifel Nicolaus decreased their target price on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research note on Friday, September 13th. Finally, Barclays raised their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus target price of $98.05.

Marriott Vacations Worldwide Trading Up 0.2 %

NYSE VAC opened at $92.87 on Tuesday. The business’s fifty day moving average is $77.69 and its 200 day moving average is $82.50. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide Dividend Announcement

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

Insider Activity

In related news, insider Jason P. Marino purchased 700 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This trade represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Impactive Capital LP bought a new stake in Marriott Vacations Worldwide during the first quarter worth $123,613,000. AQR Capital Management LLC boosted its holdings 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 worth $29,771,000 after acquiring an additional 227,465 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 acquiring an additional 207,938 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at about $14,983,000. Finally, Vanguard Group Inc. lifted its position in shares of Marriott Vacations Worldwide by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after purchasing an additional 143,074 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

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.