Financial Advisory Partners LLC purchased a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,444 shares of the company’s stock, valued at approximately $758,000.
A number of other institutional investors have also modified their holdings of VAC. Cassaday & Co Wealth Management LLC lifted its stake in Marriott Vacations Worldwide by 5.9% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 4,987 shares of the company’s stock worth $325,000 after acquiring an additional 276 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Marriott Vacations Worldwide by 4.2% during the 1st quarter. Aaron Wealth Advisors LLC now owns 7,274 shares of the company’s stock valued at $474,000 after acquiring an additional 296 shares during the period. Blue Trust Inc. grew its position in Marriott Vacations Worldwide by 55.2% in the 1st quarter. Blue Trust Inc. now owns 956 shares of the company’s stock valued at $62,000 after acquiring an additional 340 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Marriott Vacations Worldwide by 51.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,085 shares of the company’s stock valued at $63,000 after acquiring an additional 367 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Marriott Vacations Worldwide during the third quarter worth about $27,000. 89.52% of the stock is owned by institutional investors and hedge funds.
Marriott Vacations Worldwide Stock Performance
Shares of VAC opened at $118.47 on Thursday. The stock has a 50-day simple moving average of $99.31 and a 200-day simple moving average of $78.84. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56. The stock has a market capitalization of $4.07 billion, a PE ratio of -12.16, a PEG ratio of 2.14 and a beta of 1.23. Marriott Vacations Worldwide Corporation has a 1 year low of $44.58 and a 1 year high of $131.34.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on VAC shares. The Goldman Sachs Group reissued a “buy” rating and set a $132.00 price target on shares of Marriott Vacations Worldwide in a research report on Friday, August 7th. Wells Fargo & Company upped their target price on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Mizuho set a $103.00 target price on shares of Marriott Vacations Worldwide in a report on Wednesday, May 6th. Morgan Stanley increased their target price on shares of Marriott Vacations Worldwide from $51.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Finally, Barclays raised their price target on shares of Marriott Vacations Worldwide from $94.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.30.
View Our Latest Stock Analysis on Marriott Vacations Worldwide
About Marriott Vacations Worldwide
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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