Credit Suisse AG Grows Stock Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Posted by Defense World Staff on Jun 9th, 2023

Credit Suisse AG lifted its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,767 shares of the company’s stock after purchasing an additional 14,937 shares during the quarter. Credit Suisse AG owned about 0.35% of Marriott Vacations Worldwide worth $18,004,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in shares of Marriott Vacations Worldwide during the first quarter valued at $40,000. Belpointe Asset Management LLC acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at $36,000. Acadian Asset Management LLC acquired a new stake in shares of Marriott Vacations Worldwide during the first quarter valued at $55,000. Quadrant Capital Group LLC boosted its stake in shares of Marriott Vacations Worldwide by 235.8% during the third quarter. Quadrant Capital Group LLC now owns 413 shares of the company’s stock valued at $50,000 after acquiring an additional 290 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Marriott Vacations Worldwide by 113.8% in the 4th quarter. Benjamin Edwards Inc. now owns 417 shares of the company’s stock worth $56,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com assumed coverage on Marriott Vacations Worldwide in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Credit Suisse Group decreased their price target on Marriott Vacations Worldwide from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Friday, February 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, February 24th. Finally, Truist Financial reduced their price objective on Marriott Vacations Worldwide from $223.00 to $219.00 in a research note on Tuesday, May 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

Marriott Vacations Worldwide Stock Down 0.6 %

VAC opened at $131.21 on Friday. Marriott Vacations Worldwide Co. has a one year low of $110.08 and a one year high of $165.85. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.61 and a current ratio of 3.18. The stock’s fifty day moving average is $130.61 and its 200-day moving average is $140.66. The company has a market capitalization of $4.83 billion, a PE ratio of 13.61, a P/E/G ratio of 2.03 and a beta of 2.04.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last announced its earnings results on Wednesday, May 3rd. The company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.70. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 18.78% and a net margin of 8.80%. Marriott Vacations Worldwide’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. On average, equities analysts predict that Marriott Vacations Worldwide Co. will post 11.16 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 25th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, May 24th. Marriott Vacations Worldwide’s payout ratio is 29.88%.

Marriott Vacations Worldwide Company Profile

(Get Rating)

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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