Principal Financial Group Inc. Purchases 452 Shares of Marriot Vacations Worldwide Corporation (VAC)

Principal Financial Group Inc. raised its position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,666 shares of the company’s stock after buying an additional 452 shares during the quarter. Principal Financial Group Inc. owned about 0.73% of Marriot Vacations Worldwide Corporation worth $23,393,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning lifted its position in Marriot Vacations Worldwide Corporation by 3.2% during the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after buying an additional 40 shares during the period. US Bancorp DE lifted its position in Marriot Vacations Worldwide Corporation by 6.3% during the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock valued at $147,000 after buying an additional 87 shares during the period. Turner Investments LLC purchased a new position in Marriot Vacations Worldwide Corporation during the second quarter valued at $177,000. Strs Ohio lifted its position in Marriot Vacations Worldwide Corporation by 100.0% during the second quarter. Strs Ohio now owns 1,800 shares of the company’s stock valued at $211,000 after buying an additional 900 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in Marriot Vacations Worldwide Corporation during the second quarter valued at $212,000. 75.63% of the stock is owned by institutional investors and hedge funds.

In related news, insider Laurie A. Sullivan sold 1,407 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $121.04, for a total transaction of $170,303.28. Following the completion of the sale, the insider now directly owns 100 shares in the company, valued at approximately $12,104. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO R. Lee Cunningham sold 15,638 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $118.79, for a total value of $1,857,638.02. Following the sale, the chief operating officer now owns 43,922 shares of the company’s stock, valued at $5,217,494.38. The disclosure for this sale can be found here. Insiders have sold a total of 54,323 shares of company stock valued at $6,399,563 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

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Several brokerages have commented on VAC. ValuEngine raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Janney Montgomery Scott reissued a “buy” rating and set a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. BidaskClub raised Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Deutsche Bank AG reissued a “hold” rating and set a $112.00 price objective (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised 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 Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $121.25.

Marriot Vacations Worldwide Corporation (VAC) opened at 113.83 on Tuesday. Marriot Vacations Worldwide Corporation has a one year low of $59.33 and a one year high of $128.25. The stock’s 50 day moving average price is $113.59 and its 200 day moving average price is $109.96. The company has a market capitalization of $3.08 billion, a P/E ratio of 20.47 and a beta of 1.15.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. The firm had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. Equities analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is currently 25.18%.

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

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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