True Wealth Design LLC Makes New Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

True Wealth Design LLC acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 440 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds also recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth $244,000. Comerica Bank lifted its holdings in shares of Marriott Vacations Worldwide by 50.1% during the 1st quarter. Comerica Bank now owns 43,401 shares of the company’s stock worth $4,676,000 after acquiring an additional 14,482 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Marriott Vacations Worldwide by 335.6% in the second quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock worth $2,223,000 after acquiring an additional 19,613 shares during the last quarter. CWM LLC grew its holdings in Marriott Vacations Worldwide by 331.7% in the second quarter. CWM LLC now owns 2,724 shares of the company’s stock valued at $238,000 after purchasing an additional 2,093 shares during the period. Finally, SG Americas Securities LLC increased its position in Marriott Vacations Worldwide by 226.9% during the second quarter. SG Americas Securities LLC now owns 5,649 shares of the company’s stock worth $493,000 after purchasing an additional 3,921 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the insider now owns 15,851 shares in the company, valued at $1,093,719. The trade was a 4.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VAC has been the subject of several research reports. Truist Financial boosted their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho boosted their price target on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Stifel Nicolaus lifted their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group began coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $101.56.

Marriott Vacations Worldwide Trading Up 2.5 %

VAC opened at $99.25 on Monday. The firm has a market capitalization of $3.46 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.90 and a beta of 1.79. The firm’s 50 day moving average is $82.55 and its 200-day moving average is $82.08. 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 52-week low of $67.28 and a 52-week high of $108.57.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a $0.76 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 3.06%. Marriott Vacations Worldwide’s dividend payout ratio is currently 57.90%.

About Marriott Vacations Worldwide

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.