Marriott Vacations Worldwide Co. (NYSE:VAC) Given Average Rating of “Hold” by Brokerages

Shares of Marriott Vacations Worldwide Co. (NYSE:VACGet Free Report) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $129.00.

Several equities research analysts have recently issued reports on VAC shares. Bank of America lowered shares of Marriott Vacations Worldwide from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $125.00 to $65.00 in a report on Friday, November 17th. Jefferies Financial Group raised their target price on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Truist Financial lowered their target price on shares of Marriott Vacations Worldwide from $187.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. StockNews.com cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Finally, Barclays cut shares of Marriott Vacations Worldwide from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $103.00 to $90.00 in a research report on Friday, December 15th.

View Our Latest Stock Analysis on VAC

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds have recently modified their holdings of VAC. Raymond James & Associates lifted its position in shares of Marriott Vacations Worldwide by 6.0% in the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock worth $316,000 after purchasing an additional 113 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Marriott Vacations Worldwide by 5.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,483 shares of the company’s stock worth $707,000 after purchasing an additional 238 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 1st quarter worth approximately $55,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Marriott Vacations Worldwide by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,611 shares of the company’s stock worth $2,462,000 after purchasing an additional 1,489 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Marriott Vacations Worldwide by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,651 shares of the company’s stock worth $3,832,000 after purchasing an additional 1,801 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock opened at $89.23 on Tuesday. The firm has a 50-day moving average price of $84.72 and a 200-day moving average price of $92.76. The firm has a market capitalization of $3.17 billion, a PE ratio of 12.06 and a beta of 1.84. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.10. Marriott Vacations Worldwide has a 12-month low of $72.78 and a 12-month high of $164.23.

Marriott Vacations Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Wednesday, December 20th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.72. Marriott Vacations Worldwide’s dividend payout ratio is presently 41.08%.

About Marriott Vacations Worldwide

(Get Free Report

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

Further Reading

Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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