Landscape Capital Management L.L.C. Takes Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Landscape Capital Management L.L.C. bought a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 47,120 shares of the company’s stock, valued at approximately $4,231,000.

A number of other large investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of Marriott Vacations Worldwide by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after purchasing an additional 23,380 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Marriott Vacations Worldwide by 45.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company’s stock valued at $42,739,000 after buying an additional 148,457 shares during the last quarter. New South Capital Management Inc. raised its holdings in Marriott Vacations Worldwide by 1.0% in the 4th quarter. New South Capital Management Inc. now owns 367,974 shares of the company’s stock valued at $33,044,000 after acquiring an additional 3,580 shares during the period. Norges Bank acquired a new stake in Marriott Vacations Worldwide during the fourth quarter worth approximately $31,677,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,947 shares of the company’s stock worth $22,984,000 after acquiring an additional 6,516 shares during the period. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera bought 650 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now owns 8,770 shares of the company’s stock, valued at $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Stock Down 13.3 %

Shares of NYSE:VAC opened at $56.85 on Friday. Marriott Vacations Worldwide Co. has a 52-week low of $56.20 and a 52-week high of $105.65. The company has a market capitalization of $1.98 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. 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 company has a fifty day moving average of $76.84 and a 200-day moving average of $82.29.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities analysts predict that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 5.56%. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.23%.

Wall Street Analysts Forecast Growth

VAC has been the subject of several research reports. Barclays dropped their price target on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price target on the stock. Mizuho lifted their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Stifel Nicolaus decreased their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Truist Financial reduced their price target on 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.75.

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.