Thrivent Financial For Lutherans raised its holdings in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,820 shares of the company’s stock after buying an additional 1,070 shares during the period. Thrivent Financial For Lutherans owned about 0.05% of Marriot Vacations Worldwide Corporation worth $1,745,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in Marriot Vacations Worldwide Corporation by 42,912.0% during the 1st quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock worth $287,334,000 after buying an additional 2,868,665 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Marriot Vacations Worldwide Corporation by 10.2% during the 1st 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. FMR LLC boosted its position in shares of Marriot Vacations Worldwide Corporation by 73.1% during the 1st quarter. FMR LLC now owns 1,011,226 shares of the company’s stock worth $101,052,000 after acquiring an additional 427,126 shares in the last quarter. State Street Corp boosted its position in shares of Marriot Vacations Worldwide Corporation by 6.8% during the 1st quarter. State Street Corp now owns 573,397 shares of the company’s stock worth $57,298,000 after acquiring an additional 36,662 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its position in shares of Marriot Vacations Worldwide Corporation by 3.0% during the 2nd quarter. Rothschild Asset Management Inc. now owns 325,520 shares of the company’s stock worth $38,330,000 after acquiring an additional 9,514 shares in the last quarter. Institutional investors own 75.63% of the company’s stock.

In other news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian E. Miller sold 10,500 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the completion of the sale, the vice president now directly owns 12,058 shares of the company’s stock, valued at approximately $1,381,967.38. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.

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Several equities research analysts have recently weighed in on VAC shares. Deutsche Bank AG reissued a “hold” rating and set a $112.00 target price (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Tuesday, August 8th. BidaskClub downgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Telsey Advisory Group upped their price target on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price target (up from $120.00) on shares of Marriot Vacations Worldwide Corporation in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $126.86.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 124.53 on Monday. The stock’s 50 day moving average price is $113.20 and its 200-day moving average price is $110.79. Marriot Vacations Worldwide Corporation has a 52-week low of $59.33 and a 52-week high of $128.25. The firm has a market cap of $3.37 billion, a PE ratio of 22.40 and a beta of 1.13.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 7.90% and a return on equity of 16.96%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, equities research analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.12%. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is 25.18%.

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