Blue Trust Inc. Grows Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Blue Trust Inc. increased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 130.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 533 shares of the company’s stock after buying an additional 302 shares during the quarter. Blue Trust Inc.’s holdings in Marriott Vacations Worldwide were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Merit Financial Group LLC purchased a new position in Marriott Vacations Worldwide during the fourth quarter worth about $214,000. Wedge Capital Management L L P NC raised its holdings in shares of Marriott Vacations Worldwide by 10.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 58,133 shares of the company’s stock worth $5,220,000 after purchasing an additional 5,729 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Marriott Vacations Worldwide by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 66,847 shares of the company’s stock worth $6,003,000 after purchasing an additional 662 shares during the period. Nordea Investment Management AB raised its holdings in shares of Marriott Vacations Worldwide by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 28,141 shares of the company’s stock worth $2,549,000 after purchasing an additional 1,715 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of Marriott Vacations Worldwide by 6.1% in the 3rd 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. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $85.44 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 business has a 50 day moving average price of $89.28 and a two-hundred day moving average price of $82.39. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The firm has a market cap of $2.98 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.66 and a beta of 1.83.

Marriott Vacations Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, December 19th. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 60.19%.

Analyst Ratings Changes

A number of research firms have recently commented on VAC. Mizuho raised their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Truist Financial raised their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group raised their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $97.00 to $116.00 in a report on Friday, December 13th. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average target price of $105.67.

Marriott Vacations Worldwide 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.