Marriott Vacations Worldwide (NYSE:VAC) Given New $85.00 Price Target at The Goldman Sachs Group

Marriott Vacations Worldwide (NYSE:VAC) had its price objective lifted by The Goldman Sachs Group from $70.00 to $85.00 in a report released on Tuesday morning,Benzinga reports. They currently have a sell rating on the stock.

A number of other research analysts have also recently commented on VAC. Stifel Nicolaus upped their price target 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. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Mizuho lifted their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial upped their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays lifted their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. One equities 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $104.11.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $95.50 on Tuesday. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm’s 50 day moving average is $85.60 and its 200 day moving average is $82.02. The stock has a market capitalization of $3.33 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84.

Marriott Vacations Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 19th will be paid a dividend of $0.79 per share. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, December 19th. This represents a $3.16 annualized dividend and a yield of 3.31%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 57.90%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new position in shares of Marriott Vacations Worldwide during the third quarter worth about $32,000. Quarry LP grew its stake in Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after buying an additional 350 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Marriott Vacations Worldwide in the 3rd quarter worth $39,000. Allspring Global Investments Holdings LLC raised its position in shares of Marriott Vacations Worldwide by 128.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after buying an additional 366 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 6,881.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock worth $82,000 after acquiring an additional 1,101 shares during the last quarter. 89.52% of the stock is currently owned by 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.