Marriott Vacations Worldwide (NYSE:VAC) Coverage Initiated at Morgan Stanley

Morgan Stanley began coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage issued an underweight rating and a $87.00 price target on the stock.

A number of other equities analysts have also recently issued reports on VAC. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Truist Financial raised their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and a consensus target price of $105.67.

Marriott Vacations Worldwide Stock Down 0.3 %

Shares of NYSE:VAC opened at $85.46 on Monday. The company’s fifty day moving average is $91.49 and its two-hundred day moving average is $82.35. 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 has a 1-year low of $67.28 and a 1-year high of $108.57. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were issued a $0.79 dividend. The ex-dividend date was Thursday, December 19th. This represents a $3.16 annualized dividend and a yield of 3.70%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio is presently 60.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several large investors have recently bought and sold shares of VAC. Nordea Investment Management AB boosted its holdings in shares of Marriott Vacations Worldwide by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 28,141 shares of the company’s stock valued at $2,549,000 after acquiring an additional 1,715 shares in the last quarter. Tidal Investments LLC lifted its position in Marriott Vacations Worldwide by 6.1% in the third quarter. Tidal Investments LLC now owns 8,098 shares of the company’s stock worth $595,000 after purchasing an additional 464 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Marriott Vacations Worldwide during the 3rd quarter valued at $97,000. Sanctuary Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter valued at $348,000. Finally, Virtu Financial LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth $245,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.