Virtu Financial LLC Acquires Shares of 3,329 Marriott Vacations Worldwide Co. (NYSE:VAC)

Virtu Financial LLC acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 3,329 shares of the company’s stock, valued at approximately $245,000.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Marriott Vacations Worldwide by 178.2% in the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after acquiring an additional 227,465 shares in the last quarter. Dimensional Fund Advisors LP increased its position in 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 period. International Assets Investment Management LLC acquired a new stake in Marriott Vacations Worldwide during the third quarter worth about $14,983,000. Hotchkis & Wiley Capital Management LLC lifted its stake in Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after purchasing an additional 168,130 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of 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 during the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

VAC has been the topic of a number of research reports. Mizuho upped their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Truist Financial boosted their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Stifel Nicolaus increased 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. Finally, The Goldman Sachs Group boosted their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Moderate Buy” and an average target price of $106.22.

Marriott Vacations Worldwide Trading Down 0.4 %

Shares of Marriott Vacations Worldwide stock opened at $94.05 on Wednesday. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The firm’s 50-day moving average price is $87.63 and its two-hundred day moving average price is $82.12. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 0.87 and a beta of 1.84.

Marriott Vacations Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, December 19th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s payout ratio is currently 60.19%.

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.