Connable Office Inc. Has $302,000 Stock Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

Connable Office Inc. increased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 33.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,457 shares of the company’s stock after acquiring an additional 862 shares during the period. Connable Office Inc.’s holdings in Marriott Vacations Worldwide were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VAC. M&T Bank Corp bought a new stake in Marriott Vacations Worldwide in the fourth quarter valued at $207,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock worth $38,527,000 after purchasing an additional 33,373 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth about $2,357,000. Dimensional Fund Advisors LP increased its position in shares of Marriott Vacations Worldwide by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock worth $117,763,000 after purchasing an additional 66,362 shares in the last quarter. Finally, Westpac Banking Corp lifted its holdings in Marriott Vacations Worldwide by 2.1% during the 4th quarter. Westpac Banking Corp now owns 7,919 shares of the company’s stock valued at $672,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. JMP Securities cut their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Barclays cut their price target on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $102.67.

Marriott Vacations Worldwide Price Performance

VAC opened at $70.36 on Tuesday. The company has a fifty day moving average price of $78.30 and a two-hundred day moving average price of $89.36. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The firm has a market capitalization of $2.47 billion, a PE ratio of 13.01, a P/E/G ratio of 0.66 and a beta of 1.81. Marriott Vacations Worldwide Co. has a 52 week low of $68.34 and a 52 week high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the firm earned $2.19 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, analysts anticipate that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.32%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

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.