Marriott Vacations Worldwide (NYSE:VAC) Given New $142.00 Price Target at Truist Financial

Marriott Vacations Worldwide (NYSE:VAC) had its target price lifted by Truist Financial from $139.00 to $142.00 in a research note published on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

VAC has been the topic of a number of other reports. Barclays raised 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. Deutsche Bank Aktiengesellschaft reduced their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group assumed coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 target price on the stock. Finally, Mizuho boosted their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.56.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $96.50 on Tuesday. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. The company’s 50-day moving average is $80.67 and its two-hundred day moving average is $82.04. 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 company has a market cap of $3.37 billion, a PE ratio of 18.38, a PEG ratio of 0.85 and a beta of 1.79.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.15%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 57.90%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Jason P. Marino bought 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the acquisition, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The trade was a 4.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide in the 3rd quarter valued at about $32,000. Quarry LP grew its holdings in Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after purchasing an additional 350 shares during the period. Capital Performance Advisors LLP bought a new position in Marriott Vacations Worldwide during the third quarter worth 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 buying an additional 366 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Marriott Vacations Worldwide in the second quarter valued at approximately $90,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.