Ieq Capital LLC increased its stake in Marriott Vacations Worldwide Co. (NYSE:VAC – Free Report) by 665.3% during the 4th quarter, HoldingsChannel reports. The firm owned 20,945 shares of the company’s stock after buying an additional 18,208 shares during the period. Ieq Capital LLC’s holdings in Marriott Vacations Worldwide were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at $293,000. Venturi Wealth Management LLC lifted its holdings in Marriott Vacations Worldwide by 40.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company’s stock valued at $141,000 after acquiring an additional 455 shares during the period. Principal Financial Group Inc. boosted its position in Marriott Vacations Worldwide by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock worth $106,140,000 after purchasing an additional 23,380 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Marriott Vacations Worldwide by 1.0% during the 4th quarter. Rhumbline Advisers now owns 95,457 shares of the company’s stock valued at $8,572,000 after purchasing an additional 935 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $307,000. Institutional investors own 89.52% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group increased their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Mizuho boosted their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays raised 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. Finally, Morgan Stanley began coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $105.50.
Marriott Vacations Worldwide Stock Performance
Shares of NYSE VAC opened at $84.41 on Monday. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.67 and a beta of 1.83. The company has a 50 day simple moving average of $87.26 and a two-hundred day simple moving average of $82.81.
Marriott Vacations Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 3.74%. Marriott Vacations Worldwide’s dividend payout ratio is presently 60.19%.
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.
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