Versor Investments LP Takes Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Versor Investments LP acquired a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,755 shares of the company’s stock, valued at approximately $337,000.

A number of other hedge funds have also bought and sold shares of VAC. Verity Asset Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 3.1% during the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after acquiring an additional 131 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Marriott Vacations Worldwide by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock worth $575,000 after purchasing an additional 166 shares in the last quarter. Stifel Financial Corp boosted its stake in Marriott Vacations Worldwide by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after purchasing an additional 184 shares during the period. Blue Trust Inc. grew 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 buying an additional 302 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Marriott Vacations Worldwide by 32.3% during the third quarter. Covestor Ltd now owns 1,372 shares of the company’s stock valued at $101,000 after buying an additional 335 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $75.47 on Monday. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm’s fifty day moving average price is $86.32 and its 200-day moving average price is $83.24. The stock has a market cap of $2.63 billion, a P/E ratio of 14.38, 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.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share 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 the consensus estimate of $1.24 billion. On average, equities research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VAC. Truist Financial raised their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Mizuho raised their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley started coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average price target of $103.00.

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.