Marriott Vacations Worldwide (NYSE:VAC) Price Target Raised to $117.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price lifted by Mizuho from $110.00 to $117.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other equities analysts have also commented on the company. JMP Securities cut their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus decreased their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Barclays increased their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $98.05.

Marriott Vacations Worldwide Price Performance

VAC opened at $92.87 on Tuesday. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm has a 50-day moving average of $77.69 and a 200 day moving average of $82.50. 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 $3.24 billion, a P/E ratio of 17.69, a PEG ratio of 0.85 and a beta of 1.79.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s payout ratio is 57.90%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Jason P. Marino bought 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now 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 document filed with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.

Institutional Trading of Marriott Vacations Worldwide

Several institutional investors have recently made changes to their positions in VAC. Allspring Global Investments Holdings LLC boosted its holdings in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide in the 3rd quarter valued at about $32,000. Quarry LP increased its stake in Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after acquiring an additional 350 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Marriott Vacations Worldwide during the third quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Marriott Vacations Worldwide by 6,881.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock valued at $82,000 after purchasing an additional 1,101 shares during the last quarter. Hedge funds and other 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.