Sanctuary Advisors LLC Makes New Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Sanctuary Advisors LLC bought a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,731 shares of the company’s stock, valued at approximately $348,000.

A number of other institutional investors have also modified their holdings of VAC. AQR Capital Management LLC grew its position in Marriott Vacations Worldwide by 178.2% in the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after buying an additional 227,465 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock worth $139,687,000 after acquiring an additional 207,938 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at about $14,983,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after acquiring an additional 168,130 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Marriott Vacations Worldwide by 20.3% during the second quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock worth $66,698,000 after purchasing an additional 129,131 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

VAC has been the topic of a number of analyst reports. 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 report on Tuesday, November 26th. The Goldman Sachs Group raised their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Truist Financial upped their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Mizuho upped their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $106.22.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $90.63 on Friday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.86 and a beta of 1.84. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57. The company’s 50 day simple moving average is $89.98 and its 200 day simple moving average is $82.32.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Thursday, December 19th. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 60.19%.

Marriott Vacations Worldwide 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.