Envestnet Asset Management Inc. Raises Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Envestnet Asset Management Inc. boosted its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,040 shares of the company’s stock after acquiring an additional 3,073 shares during the period. Envestnet Asset Management Inc.’s holdings in Marriott Vacations Worldwide were worth $1,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Marriott Vacations Worldwide during the first quarter worth $40,000. Quadrant Capital Group LLC raised its stake in Marriott Vacations Worldwide by 235.8% in the third quarter. Quadrant Capital Group LLC now owns 413 shares of the company’s stock valued at $50,000 after buying an additional 290 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Marriott Vacations Worldwide in the first quarter valued at about $55,000. Guardian Wealth Advisors LLC acquired a new stake in Marriott Vacations Worldwide in the third quarter worth about $61,000. Finally, Covestor Ltd grew its stake in shares of Marriott Vacations Worldwide by 1,055.0% during the first quarter. Covestor Ltd now owns 462 shares of the company’s stock worth $73,000 after acquiring an additional 422 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $125.81 on Monday. The firm has a market capitalization of $4.63 billion, a P/E ratio of 13.05, a PEG ratio of 1.98 and a beta of 2.03. The stock has a 50-day simple moving average of $132.20 and a two-hundred day simple moving average of $142.13. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.61 and a current ratio of 3.18. Marriott Vacations Worldwide Co. has a fifty-two week low of $110.08 and a fifty-two week high of $165.85.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.70. Marriott Vacations Worldwide had a return on equity of 18.78% and a net margin of 8.80%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $1.70 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts forecast that Marriott Vacations Worldwide Co. will post 11.19 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 25th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $2.88 annualized dividend and a yield of 2.29%. Marriott Vacations Worldwide’s dividend payout ratio is presently 29.88%.

Analyst Ratings Changes

Several equities analysts recently commented on VAC shares. Bank of America initiated coverage on shares of Marriott Vacations Worldwide in a research report on Monday, February 6th. They issued a “neutral” rating and a $180.00 price objective for the company. StockNews.com initiated coverage on shares of Marriott Vacations Worldwide in a report on Thursday. They set a “hold” rating on the stock. Credit Suisse Group reduced their target price on Marriott Vacations Worldwide from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Friday, February 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Finally, Truist Financial cut their price objective on Marriott Vacations Worldwide from $223.00 to $219.00 in a report on Tuesday, May 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Moderate Buy” and an average price target of $191.67.

About Marriott Vacations Worldwide

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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.