New South Capital Management Inc. Acquires 3,580 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

New South Capital Management Inc. lifted its position in Marriott Vacations Worldwide Co. (NYSE:VAC) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 367,974 shares of the company’s stock after purchasing an additional 3,580 shares during the quarter. Marriott Vacations Worldwide comprises approximately 1.4% of New South Capital Management Inc.’s portfolio, making the stock its 27th largest holding. New South Capital Management Inc. owned approximately 1.05% of Marriott Vacations Worldwide worth $33,044,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide in the third quarter worth $32,000. Capital Performance Advisors LLP bought a new position in shares of Marriott Vacations Worldwide in the third quarter worth $39,000. Blue Trust Inc. increased its holdings in shares of Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares during the period. Brown Lisle Cummings Inc. bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth $50,000. Finally, Quarry LP increased its holdings in shares of Marriott Vacations Worldwide by 81.6% in the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VAC shares. Truist Financial upped their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price for the company. Finally, Stifel Nicolaus cut their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and an average price target of $103.00.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $72.77 on Thursday. The company has a 50-day simple moving average of $85.57 and a two-hundred day simple moving average of $83.25. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 12-month low of $67.28 and a 12-month high of $108.57. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.67 and a beta of 1.83.

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

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 4.34%. Marriott Vacations Worldwide’s payout ratio is 56.23%.

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.