C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $293,000 in Marriott Vacations Worldwide Co. (NYSE:VAC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Marriott Vacations Worldwide Co. (NYSE:VAC) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,258 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors have also made changes to their positions in VAC. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide in the third quarter worth about $32,000. Capital Performance Advisors LLP bought a new position in shares of Marriott Vacations Worldwide in the third quarter worth about $39,000. Blue Trust Inc. increased its stake in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares during the period. Brown Lisle Cummings Inc. bought a new position in Marriott Vacations Worldwide during the fourth quarter valued at about $50,000. Finally, Quarry LP increased its stake in Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after acquiring an additional 363 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VAC has been the topic of several research reports. Truist Financial boosted their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $116.00 in a research note on Friday, December 13th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Mizuho boosted their price target on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.67.

Marriott Vacations Worldwide Trading Down 3.3 %

VAC stock opened at $87.99 on Friday. Marriott Vacations Worldwide Co. has a 1-year low of $67.28 and a 1-year high of $108.57. The firm has a market cap of $3.07 billion, a P/E ratio of 16.76, a P/E/G ratio of 0.67 and a beta of 1.83. The business’s 50 day moving average is $87.46 and its 200-day moving average is $82.60. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders 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 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, December 19th. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

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.