Vanguard Capital Wealth Advisors Makes New Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Vanguard Capital Wealth Advisors acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,757 shares of the company’s stock, valued at approximately $512,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VAC. Charles Schwab Investment Management Inc. increased its holdings in Marriott Vacations Worldwide by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock worth $38,527,000 after purchasing an additional 33,373 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in Marriott Vacations Worldwide in the 4th quarter valued at approximately $3,920,000. Nordea Investment Management AB lifted its stake in Marriott Vacations Worldwide by 81.6% in the 4th quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock valued at $2,775,000 after acquiring an additional 14,646 shares in the last quarter. Aigen Investment Management LP raised its holdings in shares of Marriott Vacations Worldwide by 53.7% in the fourth quarter. Aigen Investment Management LP now owns 28,672 shares of the company’s stock valued at $2,434,000 after purchasing an additional 10,016 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Marriott Vacations Worldwide by 234,864.3% in the fourth quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock worth $5,585,000 after purchasing an additional 65,762 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE:VAC traded up $1.80 on Friday, hitting $85.12. The company had a trading volume of 37,641 shares, compared to its average volume of 487,420. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 0.61 and a beta of 1.81. The stock has a 50 day moving average price of $93.12 and a 200 day moving average price of $91.88. Marriott Vacations Worldwide Co. has a 1-year low of $72.78 and a 1-year high of $133.99. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 2.22.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. Marriott Vacations Worldwide’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 EPS. Analysts expect that Marriott Vacations Worldwide Co. will post 7.65 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.57%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 56.19%.

Analyst Ratings Changes

A number of research analysts recently weighed in on VAC shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Truist Financial upped their target price on Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Barclays raised their price target on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Mizuho dropped their price objective on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Finally, Stifel Nicolaus increased their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $112.22.

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.