Marriott Vacations Worldwide (NYSE:VAC) Raised to “Hold” at Zacks Research

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company started coverage on Marriott Vacations Worldwide in a research report on Tuesday, November 18th. They set an “underweight” rating and a $37.00 price objective for the company. Barclays cut their price objective on Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Mizuho cut shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $58.00 in a report on Tuesday, November 11th. Citizens Jmp cut their price target on shares of Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $52.00 price objective (down previously from $70.00) on shares of Marriott Vacations Worldwide in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.13.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $58.70 on Wednesday. Marriott Vacations Worldwide has a 12-month low of $44.58 and a 12-month high of $90.95. The stock has a market capitalization of $2.03 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.46 and a beta of 1.33. The firm’s 50 day moving average is $58.00 and its 200-day moving average is $63.50. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, Director Jonice M. Gray acquired 1,100 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average price of $54.47 per share, with a total value of $59,917.00. Following the completion of the transaction, the director owned 13,205 shares in the company, valued at approximately $719,276.35. This trade represents a 9.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 1,209 shares of company stock valued at $66,578 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Marriott Vacations Worldwide by 2.8% during the second quarter. Nisa Investment Advisors LLC now owns 5,047 shares of the company’s stock valued at $365,000 after acquiring an additional 139 shares in the last quarter. Assetmark Inc. grew its position in Marriott Vacations Worldwide by 90.6% in the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after acquiring an additional 203 shares in the last quarter. Allworth Financial LP increased its stake in shares of Marriott Vacations Worldwide by 79.8% during the 2nd quarter. Allworth Financial LP now owns 473 shares of the company’s stock worth $34,000 after purchasing an additional 210 shares during the last quarter. Diversified Trust Co. raised its holdings in shares of Marriott Vacations Worldwide by 6.1% during the 4th quarter. Diversified Trust Co. now owns 4,077 shares of the company’s stock valued at $235,000 after purchasing an additional 234 shares in the last quarter. Finally, Spire Wealth Management lifted its stake in shares of Marriott Vacations Worldwide by 21.8% in the 3rd quarter. Spire Wealth Management now owns 1,335 shares of the company’s stock valued at $89,000 after purchasing an additional 239 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.