Marriott Vacations Worldwide (NYSE:VAC) Upgraded to Overweight at Barclays

Barclays upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from an equal weight rating to an overweight rating in a research note published on Friday, Marketbeat reports. Barclays currently has $116.00 price target on the stock, up from their previous price target of $97.00.

Several other research firms have also recently weighed in on VAC. Mizuho raised their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Stifel Nicolaus upped their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial lifted their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Moderate Buy” and an average target price of $106.22.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC opened at $94.55 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The stock has a 50 day moving average price of $86.81 and a 200 day moving average price of $82.08. The stock has a market capitalization of $3.30 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.87 and a beta of 1.84. Marriott Vacations Worldwide has a 52 week low of $67.28 and a 52 week high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, December 19th. 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%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently made changes to their positions in VAC. True Wealth Design LLC acquired a new position in Marriott Vacations Worldwide in the 3rd quarter valued at $32,000. Quarry LP boosted its position in shares of Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Marriott Vacations Worldwide in the third quarter valued at about $39,000. Allspring Global Investments Holdings LLC increased its position in Marriott Vacations Worldwide by 128.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock worth $57,000 after acquiring an additional 366 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Marriott Vacations Worldwide by 6,881.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock worth $82,000 after purchasing an additional 1,101 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.