Vanguard Group Inc. grew its holdings in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,981,032 shares of the company’s stock after buying an additional 46,756 shares during the quarter. Vanguard Group Inc. owned 7.30% of Marriot Vacations Worldwide Corporation worth $233,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Marriot Vacations Worldwide Corporation by 42,912.0% during the 1st quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock valued at $287,334,000 after buying an additional 2,868,665 shares in the last quarter. FMR LLC raised its position in shares of Marriot Vacations Worldwide Corporation by 73.1% during the 1st 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 in the last quarter. State Street Corp raised its position in shares of Marriot Vacations Worldwide Corporation by 6.8% during the 1st quarter. State Street Corp now owns 573,397 shares of the company’s stock valued at $57,298,000 after buying an additional 36,662 shares in the last quarter. Northern Trust Corp raised its position in shares of Marriot Vacations Worldwide Corporation by 4.5% during the 2nd quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock valued at $52,605,000 after buying an additional 19,203 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its position in shares of Marriot Vacations Worldwide Corporation by 3.0% during the 2nd quarter. Rothschild Asset Management Inc. now owns 325,520 shares of the company’s stock valued at $38,330,000 after buying an additional 9,514 shares in the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

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 sale, the insider now directly owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the vice president now directly owns 12,058 shares in the company, valued at $1,381,967.38. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.

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Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 124.77 on Friday. The company’s 50-day moving average is $119.16 and its 200 day moving average is $114.39. Marriot Vacations Worldwide Corporation has a one year low of $61.03 and a one year high of $128.75. The company has a market capitalization of $3.37 billion, a P/E ratio of 22.44 and a beta of 1.13.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The company had revenue of $497.62 million for the quarter, compared to the consensus estimate of $489.85 million. During the same period in the previous year, the firm earned $1.08 earnings per share. Marriot Vacations Worldwide Corporation’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is 25.18%.

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

VAC has been the topic of several analyst reports. Zacks Investment Research upgraded 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 report on Tuesday, August 8th. ValuEngine upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Janney Montgomery Scott reiterated a “buy” rating and set a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. BidaskClub downgraded shares of Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Buckingham Research initiated coverage on shares of Marriot Vacations Worldwide Corporation in a report on Monday, June 19th. They set a “buy” rating and a $142.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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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