Marriott Vacations Worldwide (NYSE:VAC) Price Target Raised to $112.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price boosted by Stifel Nicolaus from $102.00 to $112.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on VAC. Deutsche Bank Aktiengesellschaft dropped their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. JMP Securities dropped their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. 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 shares of 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. Finally, Mizuho increased their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus price target of $101.56.

Marriott Vacations Worldwide Stock Performance

VAC opened at $96.50 on Tuesday. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The firm has a market cap of $3.37 billion, a PE ratio of 18.38, a P/E/G ratio of 0.85 and a beta of 1.79. The business has a fifty day simple moving average of $80.67 and a 200-day simple moving average of $82.04. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced 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. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 57.90%.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Jason P. Marino bought 700 shares of the stock in a transaction 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 purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in shares of Marriott Vacations Worldwide by 335.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock worth $2,223,000 after purchasing an additional 19,613 shares during the last quarter. New South Capital Management Inc. boosted its holdings in Marriott Vacations Worldwide by 6.6% in the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after purchasing an additional 22,672 shares in the last quarter. AQR Capital Management LLC increased its position in Marriott Vacations Worldwide by 178.2% during the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock worth $29,771,000 after buying an additional 227,465 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Marriott Vacations Worldwide by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after buying an additional 207,938 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Marriott Vacations Worldwide by 50.1% in the first quarter. Comerica Bank now owns 43,401 shares of the company’s stock worth $4,676,000 after buying an additional 14,482 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

About Marriott Vacations Worldwide

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.