Marriott Vacations Worldwide Co. (NYSE:VAC) Receives $108.00 Consensus Target Price from Brokerages

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $108.00.

VAC has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective 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. Stifel Nicolaus boosted their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Mizuho boosted their price target 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. Finally, Barclays upgraded shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $97.00 to $116.00 in a research note on Friday, December 13th.

Marriott Vacations Worldwide Stock Down 0.6 %

VAC opened at $86.87 on Friday. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The company’s 50-day moving average price is $91.14 and its two-hundred day moving average price is $82.32. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.86 and a beta of 1.84. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were paid a $0.79 dividend. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

Institutional Trading of Marriott Vacations Worldwide

A number of large investors have recently modified their holdings of VAC. Allspring Global Investments Holdings LLC raised its stake in Marriott Vacations Worldwide by 128.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after purchasing an additional 366 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Marriott Vacations Worldwide by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock worth $371,000 after buying an additional 216 shares during the last quarter. Natixis Advisors LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at $993,000. Victory Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 20.3% during the 2nd quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock worth $66,698,000 after acquiring an additional 129,131 shares during the last quarter. Finally, Savant Capital LLC grew its position in Marriott Vacations Worldwide by 0.5% in the second quarter. Savant Capital LLC now owns 147,133 shares of the company’s stock worth $12,848,000 after acquiring an additional 784 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

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.