Marriott Vacations Worldwide (NYSE:VAC) Earns Underweight Rating from Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research note published on Monday morning, Marketbeat Ratings reports. The firm issued an underweight rating and a $87.00 price objective on the stock.

A number of other equities research analysts have also commented on VAC. The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a report 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 upped their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $97.00 to $116.00 in a report on Friday, December 13th. Two equities research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.67.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $85.81 on Monday. 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 stock has a 50-day moving average of $91.26 and a two-hundred day moving average of $82.32. The stock has a market cap of $3.00 billion, a P/E ratio of 16.34, a P/E/G ratio of 0.86 and a beta of 1.84. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57.

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 issued 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 annualized dividend and a yield of 3.68%. The ex-dividend date was Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 60.19%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Marriott Vacations Worldwide by 128.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock worth $57,000 after purchasing an additional 366 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Marriott Vacations Worldwide by 5.4% during 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 in the last quarter. Natixis Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $993,000. Connable Office Inc. lifted its position in shares of Marriott Vacations Worldwide by 33.2% in the second quarter. Connable Office Inc. now owns 3,457 shares of the company’s stock valued at $302,000 after acquiring an additional 862 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Marriott Vacations Worldwide by 19.1% in the second quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock worth $63,059,000 after acquiring an additional 115,993 shares during the last quarter. Hedge funds and other institutional investors 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.