Harbor Capital Advisors Inc. Grows Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Harbor Capital Advisors Inc. increased its position in Marriott Vacations Worldwide Co. (NYSE:VAC) by 45.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,411 shares of the company’s stock after purchasing an additional 30,564 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.28% of Marriott Vacations Worldwide worth $6,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Investment Advisory Group LLC purchased a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at approximately $31,000. GAMMA Investing LLC raised its stake in Marriott Vacations Worldwide by 6,557.7% during the first quarter. GAMMA Investing LLC now owns 14,647 shares of the company’s stock valued at $941,000 after buying an additional 14,427 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Marriott Vacations Worldwide by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,653 shares of the company’s stock valued at $1,226,000 after buying an additional 5,816 shares during the last quarter. Forum Financial Management LP purchased a new position in Marriott Vacations Worldwide during the fourth quarter valued at $203,000. Finally, Ananym Capital Management LP purchased a new position in Marriott Vacations Worldwide during the fourth quarter valued at $21,987,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 1.8%

VAC stock opened at $67.75 on Wednesday. Marriott Vacations Worldwide Co. has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The business’s 50-day moving average is $60.98 and its two-hundred day moving average is $75.64. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.67 and a beta of 1.46.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company earned $1.80 earnings per share. Marriott Vacations Worldwide’s revenue was up .4% on a year-over-year basis. As a group, analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date was Friday, May 23rd. Marriott Vacations Worldwide’s dividend payout ratio is 53.92%.

Analysts Set New Price Targets

A number of brokerages have issued reports on VAC. Truist Financial lowered their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group lifted their price objective on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research note on Friday, May 9th. Morgan Stanley raised Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. Mizuho reduced their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Finally, Barclays reduced their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.25.

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.