Wilmington Savings Fund Society FSB Takes Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Wilmington Savings Fund Society FSB bought a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,321 shares of the company’s stock, valued at approximately $97,000.

Several other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in Marriott Vacations Worldwide by 178.2% during the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after buying an additional 227,465 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Marriott Vacations Worldwide by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock worth $139,687,000 after acquiring an additional 207,938 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Marriott Vacations Worldwide during the third quarter valued at $14,983,000. Hotchkis & Wiley Capital Management LLC increased its holdings in Marriott Vacations Worldwide by 18.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after acquiring an additional 168,130 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Marriott Vacations Worldwide by 20.3% in the 2nd quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock worth $66,698,000 after purchasing an additional 129,131 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock opened at $90.24 on Friday. The firm has a market capitalization of $3.15 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.84. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The firm has a 50-day moving average price of $88.31 and a 200-day moving average price of $82.23. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.79 per share. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.50%. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Stifel Nicolaus lifted their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho upped their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Truist Financial raised their target price 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. Finally, The Goldman Sachs Group upped their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.22.

Marriott Vacations Worldwide 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.