Cibc World Market Inc. Buys 69 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Cibc World Market Inc. raised its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) by 3.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,919 shares of the company’s stock after acquiring an additional 69 shares during the period. Cibc World Market Inc.’s holdings in Marriott Vacations Worldwide were worth $223,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in Marriott Vacations Worldwide during the first quarter valued at approximately $40,000. CWM LLC grew its holdings in shares of Marriott Vacations Worldwide by 190.2% in the second quarter. CWM LLC now owns 357 shares of the company’s stock valued at $41,000 after purchasing an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Marriott Vacations Worldwide by 1,336.7% in the second quarter. EverSource Wealth Advisors LLC now owns 431 shares of the company’s stock valued at $50,000 after purchasing an additional 401 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Marriott Vacations Worldwide during the first quarter valued at $55,000. Finally, Allworth Financial LP raised its stake in Marriott Vacations Worldwide by 42.8% during the second quarter. Allworth Financial LP now owns 581 shares of the company’s stock valued at $68,000 after purchasing an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $147.24 on Friday. The stock has a 50 day moving average price of $137.25 and a 200 day moving average price of $136.36. Marriott Vacations Worldwide Co. has a 52-week low of $110.08 and a 52-week high of $174.74. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.70 and a current ratio of 3.31. The firm has a market capitalization of $5.64 billion, a P/E ratio of 18.13 and a beta of 2.08.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last released its earnings results on Monday, October 31st. The company reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.39. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.18 billion. Marriott Vacations Worldwide had a return on equity of 15.95% and a net margin of 7.97%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the company earned $1.60 earnings per share. As a group, sell-side analysts predict that Marriott Vacations Worldwide Co. will post 10.46 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd were paid a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a $2.48 dividend on an annualized basis and a yield of 1.68%. Marriott Vacations Worldwide’s dividend payout ratio is currently 30.54%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of Marriott Vacations Worldwide from a “c” rating to a “b-” rating in a report on Tuesday, August 9th. Credit Suisse Group decreased their price objective on Marriott Vacations Worldwide from $227.00 to $219.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 2nd. Barclays lifted their target price on Marriott Vacations Worldwide from $136.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Truist Financial increased their price target on Marriott Vacations Worldwide from $202.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Marriott Vacations Worldwide from $188.00 to $192.00 in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Buy” and a consensus price target of $195.25.

Marriott Vacations Worldwide Profile

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Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

See Also

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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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