Teachers Advisors LLC raised its position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 38,983 shares of the company’s stock after buying an additional 1,174 shares during the period. Teachers Advisors LLC owned about 0.14% of Marriot Vacations Worldwide Corporation worth $3,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VAC. Creative Planning boosted its position in shares of 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 period. US Bancorp DE boosted its position in shares of 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 period. Ameritas Investment Partners Inc. acquired a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter worth $193,000. Lincoln National Corp acquired a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter worth $205,000. Finally, AXA acquired a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter worth $210,000. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Marriot Vacations Worldwide Corporation (VAC) opened at 111.565 on Wednesday. The stock’s 50 day moving average is $117.43 and its 200-day moving average is $105.14. Marriot Vacations Worldwide Corporation has a 52-week low of $59.33 and a 52-week high of $128.25. The firm has a market capitalization of $3.03 billion, a PE ratio of 21.279 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.34. The firm had revenue of $497.62 million during the quarter, compared to analyst estimates of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share. Equities analysts expect that Marriot Vacations Worldwide Corporation will post $5.50 earnings per share for the current year.

Marriot Vacations Worldwide Corporation declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Tuesday. BidaskClub cut shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Telsey Advisory Group lifted their price target on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, August 4th. Stifel Nicolaus lifted their price target on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. Finally, Buckingham Research assumed coverage on shares of Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They set a “buy” rating and a $142.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Marriot Vacations Worldwide Corporation presently has a consensus rating of “Buy” and a consensus price target of $116.13.

In other Marriot Vacations Worldwide Corporation news, CEO Stephen P. Weisz sold 9,851 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $119.84, for a total transaction of $1,180,543.84. Following the transaction, the chief executive officer now owns 179,185 shares in the company, valued at $21,473,530.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Laurie A. Sullivan sold 1,407 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $121.04, for a total value of $170,303.28. Following the transaction, the insider now owns 100 shares in the company, valued at approximately $12,104. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,861 shares of company stock valued at $5,110,417. Corporate insiders own 3.30% of the company’s stock.

Marriot Vacations Worldwide Corporation Company Profile

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

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