Smith Asset Management Group LP increased its holdings in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 18.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,270 shares of the company’s stock after purchasing an additional 655 shares during the quarter. Smith Asset Management Group LP’s holdings in Marriot Vacations Worldwide Corporation were worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 1,981,032 shares of the company’s stock valued at $233,266,000 after purchasing an additional 46,756 shares in the last quarter. FMR LLC lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 31.0% during the second quarter. FMR LLC now owns 1,324,355 shares of the company’s stock valued at $155,943,000 after purchasing an additional 313,129 shares in the last quarter. State Street Corp lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 2.9% during the second quarter. State Street Corp now owns 589,796 shares of the company’s stock valued at $69,449,000 after purchasing an additional 16,399 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 4.5% during the second quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock valued at $52,605,000 after purchasing an additional 19,203 shares in the last quarter. Finally, Rothschild Asset Management Inc. lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 3.0% during the second quarter. Rothschild Asset Management Inc. now owns 325,520 shares of the company’s stock valued at $38,330,000 after purchasing an additional 9,514 shares in the last quarter. 75.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriot Vacations Worldwide Corporation (VAC) opened at $133.60 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 6.64 and a quick ratio of 4.65. Marriot Vacations Worldwide Corporation has a 12 month low of $69.11 and a 12 month high of $143.53. The company has a market capitalization of $3,657.32, a PE ratio of 22.78 and a beta of 1.20.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.14 by $0.27. Marriot Vacations Worldwide Corporation had a return on equity of 17.91% and a net margin of 8.28%. The firm had revenue of $486.99 million for the quarter, compared to the consensus estimate of $470.05 million. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. research analysts expect that Marriot Vacations Worldwide Corporation will post 5.38 EPS for the current fiscal year.

Marriot Vacations Worldwide Corporation declared that its board has approved a stock repurchase program on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

In other news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total value of $680,741.16. Following the transaction, the insider now owns 12,144 shares of the company’s stock, valued at $1,386,601.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

A number of research analysts have weighed in on the company. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 target price (up previously from $120.00) on shares of Marriot Vacations Worldwide Corporation in a report on Thursday, September 21st. ValuEngine raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. 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. Zacks Investment Research raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a report on Tuesday, August 8th. Finally, Nomura assumed coverage on Marriot Vacations Worldwide Corporation in a report on Wednesday, October 25th. They issued a “buy” rating and a $151.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $133.22.

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Marriot Vacations Worldwide Corporation 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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