Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Marriott Vacations Worldwide Co. (NYSE:VAC) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,181,961 shares of the company’s stock after purchasing an additional 23,380 shares during the period. Principal Financial Group Inc. owned approximately 3.39% of Marriott Vacations Worldwide worth $106,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VAC. Blue Trust Inc. raised its position in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after acquiring an additional 302 shares during the last quarter. New South Capital Management Inc. raised its position in Marriott Vacations Worldwide by 6.6% during the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after acquiring an additional 22,672 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Marriott Vacations Worldwide by 36.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock worth $1,991,000 after acquiring an additional 7,174 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Marriott Vacations Worldwide during the third quarter worth about $348,000. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after acquiring an additional 168,130 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $97.00 to $116.00 in a research report on Friday, December 13th. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Finally, Mizuho boosted their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $105.67.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock opened at $88.35 on Wednesday. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57. The firm has a 50 day moving average price of $87.71 and a 200 day moving average price of $82.50. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.66 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

Marriott Vacations Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 3.58%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date was Thursday, December 19th. Marriott Vacations Worldwide’s payout ratio is presently 60.19%.

Marriott Vacations Worldwide Company 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.