AHL Partners LLP lifted its holdings in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 22.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 106,897 shares of the company’s stock after acquiring an additional 19,830 shares during the period. AHL Partners LLP owned approximately 0.40% of Marriot Vacations Worldwide Corporation worth $12,587,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Marriot Vacations Worldwide Corporation by 7.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after acquiring an additional 77 shares in the last quarter. Creative Planning increased its stake in Marriot Vacations Worldwide Corporation by 3.2% in the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after acquiring an additional 40 shares during the period. US Bancorp DE increased 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 valued at $147,000 after acquiring an additional 87 shares during the period. Turner Investments LLC bought a new stake in Marriot Vacations Worldwide Corporation in the second quarter valued at about $177,000. Finally, Quantbot Technologies LP bought a new stake in Marriot Vacations Worldwide Corporation in the second quarter valued at about $196,000. 75.63% of the stock is owned by institutional investors.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) traded up 0.47% during trading on Monday, reaching $125.11. 54,044 shares of the company traded hands. The stock has a market capitalization of $3.38 billion, a PE ratio of 22.50 and a beta of 1.13. The company has a 50-day moving average of $113.20 and a 200-day moving average of $110.79. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.25.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.34. The business 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 16.96% and a net margin of 7.90%. Marriot Vacations Worldwide Corporation’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Analysts forecast that Marriot Vacations Worldwide Corporation will post $5.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.12%. Marriot Vacations Worldwide Corporation’s payout ratio is 25.18%.

Marriot Vacations Worldwide Corporation declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 3rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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In other news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of the transaction, the insider now directly owns 12,144 shares in the company, valued at approximately $1,386,601.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian E. Miller sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the completion of the transaction, the vice president now owns 12,058 shares of the company’s stock, valued at $1,381,967.38. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

A number of brokerages have commented on VAC. Zacks Investment Research cut shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Buckingham Research initiated coverage on Marriot Vacations Worldwide Corporation in a research note on Monday, June 19th. They issued a “buy” rating and a $142.00 price objective on the stock. BidaskClub upgraded Marriot Vacations Worldwide Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. ValuEngine raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Janney Montgomery Scott reissued a “buy” rating and issued a $140.00 target price on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $126.86.

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.

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

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