Marriott Vacations Worldwide (NYSE:VAC) Given New $142.00 Price Target at Truist Financial

Marriott Vacations Worldwide (NYSE:VAC) had its price target upped by Truist Financial from $139.00 to $142.00 in a research note issued to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Stifel Nicolaus increased their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho increased their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price for the company. JMP Securities lowered their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $101.56.

Marriott Vacations Worldwide Stock Down 2.1 %

Shares of VAC opened at $96.50 on Tuesday. The firm’s 50-day simple moving average is $80.67 and its 200 day simple moving average is $82.04. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The firm has a market cap of $3.37 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. Marriott Vacations Worldwide has a 52 week low of $67.28 and a 52 week high of $108.57.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s payout ratio is presently 57.90%.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. This represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its stake 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 valued at $595,000 after purchasing an additional 464 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Marriott Vacations Worldwide in the 3rd quarter valued at approximately $97,000. Sanctuary Advisors LLC acquired a new stake in Marriott Vacations Worldwide in the third quarter valued at approximately $348,000. Virtu Financial LLC bought a new stake in shares of Marriott Vacations Worldwide during the third quarter worth $245,000. Finally, Stifel Financial Corp increased its holdings in shares of Marriott Vacations Worldwide by 3.4% during the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after buying an additional 184 shares in the last quarter. 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.