Atala Financial Inc Purchases Shares of 1,252 Marriott Vacations Worldwide Co. (NYSE:VAC)

Atala Financial Inc acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,252 shares of the company’s stock, valued at approximately $112,000.

A number of other large investors have also made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC raised its stake in shares of 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 buying an additional 168,130 shares in the last quarter. Cibc World Market Inc. increased its stake in Marriott Vacations Worldwide by 251.3% in the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock valued at $11,977,000 after acquiring an additional 95,409 shares during the period. Wealthfront Advisers LLC acquired a new position in Marriott Vacations Worldwide in the fourth quarter worth about $2,693,000. Holocene Advisors LP lifted its stake in Marriott Vacations Worldwide by 71.7% during the third quarter. Holocene Advisors LP now owns 62,729 shares of the company’s stock worth $4,609,000 after purchasing an additional 26,199 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Marriott Vacations Worldwide by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock valued at $106,140,000 after purchasing an additional 23,380 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Trading Up 0.2 %

VAC stock opened at $66.55 on Friday. The business has a fifty day moving average price of $82.39 and a 200 day moving average price of $82.95. Marriott Vacations Worldwide Co. has a fifty-two week low of $65.94 and a fifty-two week high of $108.57. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is 56.23%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VAC. Morgan Stanley began coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price for the company. Stifel Nicolaus dropped their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Barclays reduced their target price on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Truist Financial lowered their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and an average target price of $102.75.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the transaction, the insider now directly owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

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.