Truist Financial Cuts Marriott Vacations Worldwide (NYSE:VAC) Price Target to $149.00

Marriott Vacations Worldwide (NYSE:VAC) had its price objective lowered by Truist Financial from $187.00 to $149.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group cut shares of Marriott Vacations Worldwide from a buy rating to a hold rating and cut their price target for the stock from $150.00 to $112.00 in a report on Thursday, October 5th. TheStreet cut shares of Marriott Vacations Worldwide from a b- rating to a c+ rating in a report on Friday, September 22nd. JPMorgan Chase & Co. started coverage on shares of Marriott Vacations Worldwide in a report on Thursday, October 12th. They issued a neutral rating and a $105.00 price target on the stock. StockNews.com cut shares of Marriott Vacations Worldwide from a hold rating to a sell rating in a report on Friday, November 3rd. Finally, Barclays cut their price target on shares of Marriott Vacations Worldwide from $131.00 to $118.00 and set an overweight rating on the stock in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $135.86.

Marriott Vacations Worldwide Trading Down 1.5 %

Shares of VAC opened at $80.24 on Wednesday. Marriott Vacations Worldwide has a twelve month low of $75.19 and a twelve month high of $165.85. The company has a market cap of $2.85 billion, a P/E ratio of 10.84 and a beta of 1.99. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.10. The company’s fifty day simple moving average is $92.14 and its 200-day simple moving average is $111.60.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, November 1st. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.99). Marriott Vacations Worldwide had a net margin of 6.50% and a return on equity of 14.68%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted $3.02 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. As a group, analysts expect that Marriott Vacations Worldwide will post 7.62 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Wednesday, September 20th. Marriott Vacations Worldwide’s payout ratio is 38.92%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its position in shares of Marriott Vacations Worldwide by 56.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company’s stock valued at $27,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Marriott Vacations Worldwide by 194.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after buying an additional 165 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth approximately $31,000. Penserra Capital Management LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $40,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $55,000. 83.27% of the stock is currently owned by institutional investors.

About Marriott Vacations Worldwide

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.