Dupont Capital Management Corp Sells 3,518 Shares of Marriot Vacations Worldwide Corporation (VAC)

Dupont Capital Management Corp cut its holdings in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 39.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,499 shares of the company’s stock after selling 3,518 shares during the period. Dupont Capital Management Corp’s holdings in Marriot Vacations Worldwide Corporation were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of VAC. UBS Asset Management Americas Inc. lifted its holdings in Marriot Vacations Worldwide Corporation by 39.0% during the first quarter. UBS Asset Management Americas Inc. now owns 11,562 shares of the company’s stock worth $1,155,000 after acquiring an additional 3,245 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Marriot Vacations Worldwide Corporation by 3.1% during the first quarter. Teachers Advisors LLC now owns 38,983 shares of the company’s stock worth $3,896,000 after acquiring an additional 1,174 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Marriot Vacations Worldwide Corporation by 10.2% during the first quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock worth $193,293,000 after acquiring an additional 179,768 shares in the last quarter. UBS Group AG lifted its holdings in Marriot Vacations Worldwide Corporation by 40.2% during the first quarter. UBS Group AG now owns 11,487 shares of the company’s stock worth $1,148,000 after acquiring an additional 3,292 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Marriot Vacations Worldwide Corporation during the first quarter worth about $1,619,000. Hedge funds and other institutional investors own 75.52% of the company’s stock.

Shares of Marriot Vacations Worldwide Corporation (VAC) opened at $132.37 on Friday. Marriot Vacations Worldwide Corporation has a 12 month low of $70.52 and a 12 month high of $143.53. The stock has a market capitalization of $3,507.14, a PE ratio of 21.84 and a beta of 1.20. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business posted $0.96 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. equities research analysts forecast that Marriot Vacations Worldwide Corporation will post 5.38 earnings per share for the current fiscal year.

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

Several research analysts have weighed in on the company. BidaskClub upgraded Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Nomura assumed coverage on Marriot Vacations Worldwide Corporation in a report on Wednesday, October 25th. They set a “buy” rating and a $151.00 target price on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $112.00 target price (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a report on Wednesday, August 9th. Zacks Investment Research lowered Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $140.00 target price on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Marriot Vacations Worldwide Corporation has an average rating of “Hold” and a consensus target price of $133.22.

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In other Marriot Vacations Worldwide Corporation news, major shareholder J W. Marriott, Jr. sold 5,962 shares of Marriot Vacations Worldwide Corporation 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 sale, the insider now owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

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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