Avantax Advisory Services Inc. Reduces Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Avantax Advisory Services Inc. lowered its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,412 shares of the company’s stock after selling 523 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Marriott Vacations Worldwide were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of VAC. Wealthfront Advisers LLC purchased a new position in Marriott Vacations Worldwide during the fourth quarter valued at approximately $2,693,000. AlphaQuest LLC purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at $243,000. Inceptionr LLC bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth $207,000. New South Capital Management Inc. raised its position in shares of Marriott Vacations Worldwide by 1.0% in the fourth quarter. New South Capital Management Inc. now owns 367,974 shares of the company’s stock worth $33,044,000 after buying an additional 3,580 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in Marriott Vacations Worldwide during the fourth quarter valued at $265,000. 89.52% of the stock is currently owned by institutional investors.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the purchase, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price target on the stock. Finally, Barclays dropped their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $102.75.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $66.21 on Thursday. 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 firm has a market cap of $2.31 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.67 and a beta of 1.83. The firm’s fifty day moving average is $79.49 and its 200 day moving average is $82.66. Marriott Vacations Worldwide Co. has a 52 week low of $63.46 and a 52 week high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. Research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.23%.

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.