Great West Life Assurance Co. Can increased its position in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,596 shares of the company’s stock after buying an additional 1,460 shares during the period. Great West Life Assurance Co. Can’s holdings in Marriot Vacations Worldwide Corporation were worth $4,191,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Creative Planning boosted its stake in shares of Marriot Vacations Worldwide Corporation by 12.4% in the first quarter. Creative Planning now owns 1,267 shares of the company’s stock worth $127,000 after buying an additional 140 shares during the last quarter. US Bancorp DE boosted its stake in shares of Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after buying an additional 87 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Marriot Vacations Worldwide Corporation during the first quarter worth approximately $193,000. Lincoln National Corp bought a new stake in shares of Marriot Vacations Worldwide Corporation during the first quarter worth approximately $205,000. Finally, AXA bought a new stake in shares of Marriot Vacations Worldwide Corporation during the first quarter worth approximately $210,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 110.52 on Wednesday. The stock has a 50 day moving average price of $115.28 and a 200-day moving average price of $106.79. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 19.88 and a beta of 1.14. Marriot Vacations Worldwide Corporation has a 1-year low of $59.33 and a 1-year high of $128.25.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.34. The business had revenue of $497.62 million during the quarter, compared to analyst estimates of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. On average, equities research analysts forecast that Marriot Vacations Worldwide Corporation will post $5.58 EPS for the current year.

Marriot Vacations Worldwide Corporation declared that its Board of Directors has authorized a stock buyback plan on Thursday, August 3rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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VAC has been the subject of a number of analyst reports. ValuEngine upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Stifel Nicolaus upped their price target on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research report on Wednesday, May 10th. Janney Montgomery Scott initiated coverage on Marriot Vacations Worldwide Corporation in a research report on Thursday, April 20th. They issued a “buy” rating and a $119.00 price target for the company. Finally, Buckingham Research initiated coverage on Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They issued a “buy” rating and a $142.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Marriot Vacations Worldwide Corporation currently has an average rating of “Buy” and a consensus target price of $118.63.

In other Marriot Vacations Worldwide Corporation news, COO R. Lee Cunningham sold 15,638 shares of Marriot Vacations Worldwide Corporation stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $118.79, for a total transaction of $1,857,638.02. Following the completion of the transaction, the chief operating officer now owns 43,922 shares in the company, valued at approximately $5,217,494.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of Marriot Vacations Worldwide Corporation stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $119.00, for a total value of $595,000.00. Following the transaction, the vice president now owns 27,832 shares of the company’s stock, valued at approximately $3,312,008. The disclosure for this sale can be found here. Insiders have sold a total of 53,361 shares of company stock valued at $6,313,822 in the last quarter. Company insiders own 3.30% of the company’s stock.

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.

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Institutional Ownership by Quarter for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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