Marriott Vacations Worldwide (NYSE:VAC) Raised to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from an underweight rating to an equal weight rating in a research note released on Tuesday morning, MarketBeat Ratings reports. Morgan Stanley currently has $57.00 price target on the stock, down from their prior price target of $67.00.

A number of other equities analysts also recently commented on VAC. The Goldman Sachs Group reduced their price objective on shares of Marriott Vacations Worldwide from $78.00 to $48.00 and set a “sell” rating for the company in a report on Monday, April 14th. Mizuho upped 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. Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Stifel Nicolaus decreased their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Barclays lowered 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 research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $94.38.

Marriott Vacations Worldwide Stock Up 0.4 %

NYSE VAC opened at $53.00 on Tuesday. Marriott Vacations Worldwide has a twelve month low of $49.22 and a twelve month high of $103.51. 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 stock has a market cap of $1.83 billion, a PE ratio of 10.10, a PEG ratio of 0.67 and a beta of 1.66. The firm has a 50-day simple moving average of $67.17 and a 200 day simple moving average of $80.12.

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

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.79 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 5.96%. Marriott Vacations Worldwide’s payout ratio is 56.23%.

Insider Activity

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several large investors have recently made changes to their positions in the business. Fifth Third Bancorp grew its position in Marriott Vacations Worldwide by 136.5% in the first quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock worth $25,000 after acquiring an additional 228 shares in the last quarter. Investment Advisory Group LLC purchased a new stake in Marriott Vacations Worldwide in the 1st quarter worth approximately $31,000. Blue Trust Inc. increased its position in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the period. Brown Lisle Cummings Inc. bought a new position in Marriott Vacations Worldwide in the fourth quarter worth about $50,000. Finally, True Wealth Design LLC lifted its stake in shares of Marriott Vacations Worldwide by 35.2% in the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after purchasing an additional 155 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.