Marriot Vacations Worldwide Corporation (VAC) Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 33.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,200 shares of the company’s stock after selling 600 shares during the quarter. Strs Ohio’s holdings in Marriot Vacations Worldwide Corporation were worth $149,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake 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 buying an additional 77 shares during the last quarter. Creative Planning boosted its stake in shares of Marriot Vacations Worldwide Corporation by 3.2% during the 2nd 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 last quarter. Turner Investments LLC purchased a new position in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter valued at approximately $177,000. Quantbot Technologies LP purchased a new position in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter valued at approximately $196,000. Finally, M&T Bank Corp purchased a new position in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter valued at approximately $204,000. 75.52% of the stock is owned by hedge funds and other institutional investors.

In related 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 transaction of $680,741.16. Following the completion of the transaction, the insider now owns 12,144 shares of the company’s stock, valued at $1,386,601.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.30% of the company’s stock.

Several brokerages recently issued reports on VAC. BidaskClub upgraded Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Nomura began coverage on Marriot Vacations Worldwide Corporation in a research note on Wednesday, October 25th. They set a “buy” rating and a $151.00 price objective on the stock. Deutsche Bank AG restated a “hold” rating and set a $112.00 price objective (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, August 9th. Zacks Investment Research cut Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $140.00 target price on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $133.22.

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Marriot Vacations Worldwide Corporation (NYSE VAC) opened at $132.37 on Friday. The company has a market capitalization of $3,507.14, a price-to-earnings ratio of 21.84 and a beta of 1.20. The company has a current ratio of 6.64, a quick ratio of 4.65 and a debt-to-equity ratio of 1.21. Marriot Vacations Worldwide Corporation has a fifty-two week low of $70.52 and a fifty-two week high of $143.53.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.27. The company had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. Marriot Vacations Worldwide Corporation had a return on equity of 17.91% and a net margin of 8.28%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. sell-side analysts predict that Marriot Vacations Worldwide Corporation will post 5.38 EPS for the current fiscal year.

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

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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