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

Victory Capital Management Inc. boosted its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 0.5% in the third quarter, HoldingsChannel reports. The fund owned 767,818 shares of the company’s stock after purchasing an additional 3,983 shares during the quarter. Victory Capital Management Inc.’s holdings in Marriott Vacations Worldwide were worth $56,419,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Verity Asset Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 3.1% during the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after purchasing an additional 131 shares during the last quarter. Covestor Ltd raised its stake in Marriott Vacations Worldwide by 10.5% in the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock valued at $180,000 after buying an additional 159 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock worth $371,000 after acquiring an additional 216 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Marriott Vacations Worldwide by 615.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Up 0.2 %

Shares of VAC stock opened at $92.87 on Friday. Marriott Vacations Worldwide Co. has a twelve month low of $67.28 and a twelve month high of $108.57. The stock has a market cap of $3.24 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.85 and a beta of 1.79. The stock has a 50 day moving average of $77.69 and a 200 day moving average of $82.50. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is currently 57.90%.

Insider Buying and Selling

In other news, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The trade was a 4.62 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

VAC has been the topic of several research analyst reports. JMP Securities dropped their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective for the company. Finally, Mizuho upped their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $98.05.

Marriott Vacations Worldwide 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.