Marriott Vacations Worldwide (NYSE:VAC) Given New $120.00 Price Target at Mizuho

Marriott Vacations Worldwide (NYSE:VAC) had its price target raised by Mizuho from $117.00 to $120.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also commented on VAC. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial upped their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group raised their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Barclays upgraded shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $97.00 to $116.00 in a research report on Friday, December 13th. Finally, Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $105.88.

Marriott Vacations Worldwide Trading Down 1.4 %

NYSE VAC opened at $85.51 on Tuesday. The firm has a market capitalization of $2.99 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57. The company has a 50-day simple moving average of $86.94 and a 200-day simple moving average of $83.04. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 3.70%. Marriott Vacations Worldwide’s dividend payout ratio is presently 60.19%.

Institutional Trading of Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $14,983,000. Wealth Enhancement Advisory Services LLC boosted its stake in Marriott Vacations Worldwide by 31.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,837 shares of the company’s stock valued at $576,000 after purchasing an additional 1,874 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in Marriott Vacations Worldwide during the 3rd quarter valued at $225,000. Semanteon Capital Management LP acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter valued at $236,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Marriott Vacations Worldwide by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,933 shares of the company’s stock worth $663,000 after buying an additional 3,110 shares in the last quarter. 89.52% 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 businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.