39,000 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC purchased a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 39,000 shares of the company’s stock, valued at approximately $3,502,000.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after buying an additional 302 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $50,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Marriott Vacations Worldwide in the 3rd quarter valued at $97,000. Atala Financial Inc acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at $112,000. Finally, KBC Group NV lifted its holdings in shares of Marriott Vacations Worldwide by 51.5% during the 4th quarter. KBC Group NV now owns 1,460 shares of the company’s stock valued at $131,000 after acquiring an additional 496 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $52.41 on Friday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.67 and a beta of 1.66. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The business’s 50 day moving average is $72.23 and its two-hundred day moving average is $81.33. Marriott Vacations Worldwide Co. has a 52-week low of $49.22 and a 52-week high of $103.51.

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

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.79 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 6.03%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 56.23%.

Analysts Set New Price Targets

Several research analysts have commented on VAC shares. Barclays cut their price objective on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Truist Financial dropped their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price target for the company. Stifel Nicolaus lowered their price objective 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. Finally, Mizuho boosted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and a consensus price target of $102.75.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of Marriott Vacations Worldwide stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by corporate insiders.

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.