New South Capital Management Inc. Acquires 22,672 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

New South Capital Management Inc. increased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 6.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 364,394 shares of the company’s stock after purchasing an additional 22,672 shares during the period. New South Capital Management Inc.’s holdings in Marriott Vacations Worldwide were worth $26,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Verity Asset Management Inc. raised its position in Marriott Vacations Worldwide by 3.1% in the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after purchasing an additional 131 shares during the last quarter. Covestor Ltd raised its position in Marriott Vacations Worldwide by 10.5% in the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock valued at $180,000 after purchasing an additional 159 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after purchasing an additional 216 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Marriott Vacations Worldwide by 615.0% in the first 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. Finally, Quarry LP raised its position in Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VAC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. JMP Securities lowered their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus decreased their target price on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research note on Friday, September 13th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Truist Financial decreased their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and an average price target of $98.05.

Insider Activity

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the acquisition, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Stock Down 0.9 %

Shares of VAC stock traded down $0.83 during trading hours on Tuesday, reaching $93.31. The company had a trading volume of 3,614 shares, compared to its average volume of 463,713. Marriott Vacations Worldwide Co. has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.28 and a quick ratio of 2.72. The business has a fifty day simple moving average of $76.48 and a 200-day simple moving average of $82.41. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.26%. Marriott Vacations Worldwide’s dividend payout ratio is presently 57.90%.

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.