BlackRock Inc. boosted its position in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 42,912.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,875,350 shares of the company’s stock after buying an additional 2,868,665 shares during the period. BlackRock Inc. owned approximately 10.55% of Marriot Vacations Worldwide Corporation worth $287,334,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Marriot Vacations Worldwide Corporation by 73.1% in the first quarter. FMR LLC now owns 1,011,226 shares of the company’s stock valued at $101,052,000 after buying an additional 427,126 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Marriot Vacations Worldwide Corporation by 10.2% in the first quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock valued at $193,293,000 after buying an additional 179,768 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Marriot Vacations Worldwide Corporation by 30.7% in the first quarter. Bank of New York Mellon Corp now owns 494,158 shares of the company’s stock valued at $49,381,000 after buying an additional 116,198 shares during the last quarter. Norges Bank bought a new position in shares of Marriot Vacations Worldwide Corporation during the fourth quarter valued at $8,207,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Marriot Vacations Worldwide Corporation during the fourth quarter valued at $2,844,000. Institutional investors and hedge funds own 79.18% of the company’s stock.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) traded down 0.89% on Friday, reaching $115.24. The company’s stock had a trading volume of 253,570 shares. The stock has a market cap of $3.13 billion, a PE ratio of 21.98 and a beta of 1.14. Marriot Vacations Worldwide Corporation has a 12-month low of $59.33 and a 12-month high of $128.25. The firm has a 50 day moving average price of $118.04 and a 200-day moving average price of $104.92.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.34. The company had revenue of $497.62 million during the quarter, compared to the consensus estimate of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.04% and a net margin of 7.76%. Marriot Vacations Worldwide Corporation’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Equities research analysts expect that Marriot Vacations Worldwide Corporation will post $5.33 EPS for the current year.

Marriot Vacations Worldwide Corporation announced that its board has approved a share repurchase program on Thursday, August 3rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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Several equities analysts have recently weighed in on VAC shares. Zacks Investment Research downgraded Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Telsey Advisory Group raised their price target on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a report on Friday. ValuEngine raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised Marriot Vacations Worldwide Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Finally, Janney Montgomery Scott initiated coverage on Marriot Vacations Worldwide Corporation in a research report on Thursday, April 20th. They set a “buy” rating and a $119.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.25.

In other news, VP Lizabeth Kane-Hanan sold 5,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $119.00, for a total transaction of $595,000.00. Following the completion of the sale, the vice president now directly owns 27,832 shares in the company, valued at approximately $3,312,008. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen P. Weisz sold 9,851 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $119.84, for a total value of $1,180,543.84. Following the sale, the chief executive officer now owns 179,185 shares of the company’s stock, valued at $21,473,530.40. The disclosure for this sale can be found here. Insiders sold a total of 42,861 shares of company stock valued at $5,110,417 over the last quarter. 3.30% of the stock is currently owned by 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.

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

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