Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC boosted its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 18.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,102,774 shares of the company’s stock after purchasing an additional 168,130 shares during the period. Hotchkis & Wiley Capital Management LLC owned 3.16% of Marriott Vacations Worldwide worth $81,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Verity Asset Management Inc. grew its holdings in Marriott Vacations Worldwide by 3.1% during the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after acquiring an additional 131 shares during the period. Commonwealth Equity Services LLC lifted 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 valued at $371,000 after buying an additional 216 shares during the period. Covestor Ltd lifted its stake in shares of Marriott Vacations Worldwide by 32.3% in the third quarter. Covestor Ltd now owns 1,372 shares of the company’s stock valued at $101,000 after buying an additional 335 shares in the last quarter. Quarry LP boosted its stake in Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Marriott Vacations Worldwide by 128.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock worth $57,000 after acquiring an additional 366 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on VAC. Stifel Nicolaus boosted their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. 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 shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. Truist Financial raised their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.56.

Marriott Vacations Worldwide Price Performance

VAC opened at $97.63 on Tuesday. 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 Co. has a twelve month low of $67.28 and a twelve month high of $108.57. The company has a fifty day simple moving average of $82.55 and a 200 day simple moving average of $81.96. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.90 and a beta of 1.84.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Thursday, September 19th. 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.