C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $293,000 in Marriott Vacations Worldwide Co. (NYSE:VAC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,258 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors have also modified their holdings of VAC. International Assets Investment Management LLC acquired a new stake in shares of Marriott Vacations Worldwide in the third quarter worth $14,983,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Marriott Vacations Worldwide by 31.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,837 shares of the company’s stock worth $576,000 after buying an additional 1,874 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Marriott Vacations Worldwide in the third quarter worth $225,000. Semanteon Capital Management LP acquired a new stake in shares of Marriott Vacations Worldwide in the third quarter worth $236,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Marriott Vacations Worldwide by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 8,933 shares of the company’s stock worth $663,000 after buying an additional 3,110 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price objective for the company. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Stifel Nicolaus lifted their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Mizuho lifted their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $105.67.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC opened at $87.99 on Friday. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The business has a 50-day moving average of $87.46 and a two-hundred day moving average of $82.60. The stock has a market capitalization of $3.07 billion, a P/E ratio of 16.76, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were given a $0.79 dividend. The ex-dividend date was Thursday, December 19th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s payout ratio is currently 60.19%.

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.