Zacks Investment Management raised its position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,719 shares of the company’s stock after acquiring an additional 760 shares during the period. Zacks Investment Management owned approximately 0.06% of Marriot Vacations Worldwide Corporation worth $1,851,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. grew its position in Marriot Vacations Worldwide Corporation by 42,912.0% during the first quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock valued at $287,334,000 after acquiring an additional 2,868,665 shares during the period. Vanguard Group Inc. grew its position in Marriot Vacations Worldwide Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 1,981,032 shares of the company’s stock valued at $233,266,000 after acquiring an additional 46,756 shares during the period. FMR LLC grew its position in Marriot Vacations Worldwide Corporation by 31.0% during the second quarter. FMR LLC now owns 1,324,355 shares of the company’s stock valued at $155,943,000 after acquiring an additional 313,129 shares during the period. State Street Corp grew its position in Marriot Vacations Worldwide Corporation by 6.8% during the first quarter. State Street Corp now owns 573,397 shares of the company’s stock valued at $57,298,000 after acquiring an additional 36,662 shares during the period. Finally, Northern Trust Corp grew its position in Marriot Vacations Worldwide Corporation by 4.5% during the second quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock valued at $52,605,000 after acquiring an additional 19,203 shares during the period. 75.63% of the stock is owned by hedge funds and other institutional investors.

VAC has been the subject of a number of research reports. ValuEngine raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised 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 Tuesday, August 8th. Buckingham Research initiated coverage on Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They set a “buy” rating and a $142.00 price target for the company. BidaskClub downgraded Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $126.86.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 124.53 on Friday. The stock has a 50 day moving average price of $113.20 and a 200 day moving average price of $110.79. The stock has a market cap of $3.37 billion, a P/E ratio of 22.40 and a beta of 1.15. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.25.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The company had revenue of $497.62 million for the quarter, compared to analyst estimates of $489.85 million. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. Equities analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.45 EPS for the current fiscal year.

Marriot Vacations Worldwide Corporation declared that its board has authorized a stock buyback plan on Thursday, August 3rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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

In other Marriot Vacations Worldwide Corporation 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 transaction, the insider now directly owns 12,144 shares in the company, valued at $1,386,601.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Brian E. Miller sold 10,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $114.61, for a total value of $1,203,405.00. Following the transaction, the vice president now owns 12,058 shares in the company, valued at $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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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.

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

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