Marshall Wace LLP Purchases Shares of 22,951 Marriott Vacations Worldwide Co. (NYSE:VAC)

Marshall Wace LLP acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,951 shares of the company’s stock, valued at approximately $2,061,000. Marshall Wace LLP owned approximately 0.07% of Marriott Vacations Worldwide at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings 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 in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new position in shares of Marriott Vacations Worldwide in the third quarter valued at about $97,000. Atala Financial Inc acquired a new position in Marriott Vacations Worldwide during the 4th quarter worth about $112,000. Finally, KBC Group NV grew its holdings in Marriott Vacations Worldwide by 51.5% during the 4th quarter. KBC Group NV now owns 1,460 shares of the company’s stock worth $131,000 after acquiring an additional 496 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $55.71 on Monday. The stock has a 50-day moving average price of $65.24 and a two-hundred day moving average price of $79.79. The stock has a market cap of $1.93 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 1 year low of $49.22 and a 1 year high of $103.46.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results 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. 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 for the quarter, compared to analyst estimates of $1.24 billion. Equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.67%. Marriott Vacations Worldwide’s dividend payout ratio is 56.23%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VAC shares. 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 note on Tuesday, February 25th. Morgan Stanley raised Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group lowered their target price on Marriott Vacations Worldwide from $78.00 to $48.00 and set a “sell” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus cut their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Barclays lowered their price objective on 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.38.

Insider Activity

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Marriott Vacations Worldwide Company 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.