Principal Financial Group Inc. raised its position in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 4.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 198,214 shares of the company’s stock after buying an additional 7,534 shares during the period. Principal Financial Group Inc. owned about 0.73% of Marriot Vacations Worldwide Corporation worth $19,808,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Creative Planning boosted its stake in Marriot Vacations Worldwide Corporation by 12.4% in the first quarter. Creative Planning now owns 1,267 shares of the company’s stock worth $127,000 after buying an additional 140 shares during the last quarter. US Bancorp DE boosted its stake in Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after buying an additional 87 shares during the last quarter. Elkfork Partners LLC acquired a new stake in Marriot Vacations Worldwide Corporation during the fourth quarter worth approximately $128,000. Ameritas Investment Partners Inc. acquired a new stake in Marriot Vacations Worldwide Corporation during the first quarter worth approximately $193,000. Finally, Lincoln National Corp acquired a new stake in Marriot Vacations Worldwide Corporation during the first quarter worth approximately $205,000. Institutional investors own 79.11% of the company’s stock.

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

Shares of Marriot Vacations Worldwide Corporation (NYSE VAC) traded up 1.75% during midday trading on Monday, reaching $123.02. The company had a trading volume of 48,078 shares. The company’s 50-day moving average is $116.20 and its 200-day moving average is $97.31. The stock has a market capitalization of $3.34 billion, a PE ratio of 23.46 and a beta of 1.17. Marriot Vacations Worldwide Corporation has a 1-year low of $59.33 and a 1-year high of $124.94.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its earnings results on Thursday, May 4th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.04. Marriot Vacations Worldwide Corporation had a return on equity of 16.04% and a net margin of 7.76%. The company had revenue of $487.50 million for the quarter, compared to the consensus estimate of $475.07 million. During the same quarter in the prior year, the company earned $0.87 earnings per share. Marriot Vacations Worldwide Corporation’s revenue was up 16.3% on a year-over-year basis. On average, equities research analysts forecast that Marriot Vacations Worldwide Corporation will post $5.29 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 8th. Shareholders of record on Thursday, May 25th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, May 23rd. Marriot Vacations Worldwide Corporation’s dividend payout ratio is 26.72%.

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A number of research firms have recently commented on VAC. BidaskClub upgraded Marriot Vacations Worldwide Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Buckingham Research began coverage on Marriot Vacations Worldwide Corporation in a research note on Monday. They set a “buy” rating and a $142.00 target price on the stock. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Saturday, June 10th. Stifel Nicolaus lifted their target price on Marriot Vacations Worldwide Corporation to $102.00 in a research note on Friday, February 24th. Finally, Telsey Advisory Group lifted their target price on Marriot Vacations Worldwide Corporation from $72.00 to $96.00 and gave the stock a “market perform” rating in a research note on Friday, February 24th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $113.88.

In other news, VP Lizabeth Kane-Hanan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $119.00, for a total value of $595,000.00. Following the transaction, the vice president now owns 27,832 shares of the company’s stock, valued at $3,312,008. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder J W. Marriott, Jr. sold 5,788 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $95.33, for a total value of $551,770.04. Following the completion of the transaction, the insider now directly owns 11,789 shares in the company, valued at approximately $1,123,845.37. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.

About Marriot Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

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