Credit Suisse AG cut its position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 6.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,478 shares of the company’s stock after selling 11,004 shares during the period. Credit Suisse AG owned about 0.54% of Marriot Vacations Worldwide Corporation worth $14,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of VAC. PNC Financial Services Group Inc. boosted its stake in shares of Marriot Vacations Worldwide Corporation by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,213 shares of the company’s stock worth $721,000 after buying an additional 126 shares in the last quarter. AQR Capital Management LLC boosted its stake in Marriot Vacations Worldwide Corporation by 14.4% in the fourth quarter. AQR Capital Management LLC now owns 24,027 shares of the company’s stock valued at $2,038,000 after buying an additional 3,026 shares during the period. Russell Investments Group Ltd. bought a new stake in Marriot Vacations Worldwide Corporation during the fourth quarter valued at approximately $2,844,000. State Street Corp boosted its stake in Marriot Vacations Worldwide Corporation by 4.6% in the fourth quarter. State Street Corp now owns 536,735 shares of the company’s stock valued at $45,545,000 after buying an additional 23,674 shares during the period. Finally, 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 valued at $127,000 after buying an additional 140 shares during the period. Institutional investors own 79.18% of the company’s stock.

Shares of Marriot Vacations Worldwide Corporation (VAC) traded down 0.89% during mid-day trading on Friday, reaching $115.24. The company’s stock had a trading volume of 253,570 shares. Marriot Vacations Worldwide Corporation has a 52-week low of $59.33 and a 52-week high of $128.25. The firm’s 50 day moving average is $118.04 and its 200-day moving average is $104.92. The company has a market capitalization of $3.13 billion, a PE ratio of 21.98 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.34. The business had revenue of $497.62 million for 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%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Analysts forecast that Marriot Vacations Worldwide Corporation will post $5.33 EPS for the current year.

Marriot Vacations Worldwide Corporation declared that its Board of Directors has authorized a stock buyback plan on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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VAC has been the subject of several analyst reports. ValuEngine upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus increased their price objective on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Wednesday, May 10th. Janney Montgomery Scott started coverage on Marriot Vacations Worldwide Corporation in a research report on Thursday, April 20th. They issued a “buy” rating and a $119.00 price objective for the company. Finally, Buckingham Research began coverage on Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They issued a “buy” rating and a $142.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $116.25.

In other news, Director Thomas J. Hutchison III sold 3,599 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $118.15, for a total value of $425,221.85. Following the completion of the transaction, the director now owns 1,281 shares in the company, valued at approximately $151,350.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laurie A. Sullivan sold 1,407 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $121.04, for a total value of $170,303.28. Following the completion of the transaction, the insider now owns 100 shares of the company’s stock, valued at approximately $12,104. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,861 shares of company stock valued at $5,110,417. Corporate insiders own 3.30% of the company’s stock.

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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