Eaton Vance Management continued to hold its position in shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,088 shares of the company’s stock at the end of the second quarter. Eaton Vance Management owned about 0.14% of Marriott Vacations Worldwide Corp. worth $2,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Marriott Vacations Worldwide Corp. by 106.9% in the first quarter. BlackRock Inc. now owns 2,032 shares of the company’s stock valued at $137,000 after buying an additional 1,050 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of Marriott Vacations Worldwide Corp. during the first quarter valued at about $250,000. Bayesian Capital Management LP purchased a new position in shares of Marriott Vacations Worldwide Corp. during the first quarter valued at about $254,000. LPL Financial LLC purchased a new position in shares of Marriott Vacations Worldwide Corp. during the first quarter valued at about $291,000. Finally, Suntrust Banks Inc. boosted its position in shares of Marriott Vacations Worldwide Corp. by 18.8% in the second quarter. Suntrust Banks Inc. now owns 5,047 shares of the company’s stock valued at $345,000 after buying an additional 798 shares during the period. 78.31% of the stock is owned by institutional investors and hedge funds.

Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) traded up 0.87% during mid-day trading on Thursday, reaching $75.25. 127,317 shares of the company traded hands. The firm has a 50-day moving average price of $75.51 and a 200 day moving average price of $67.93. Marriott Vacations Worldwide Corp. has a 52 week low of $45.95 and a 52 week high of $80.27. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 19.80 and a beta of 1.17.

Marriott Vacations Worldwide Corp. (NYSE:VAC) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The business earned $429.95 million during the quarter, compared to analyst estimates of $436.93 million. Marriott Vacations Worldwide Corp. had a net margin of 6.38% and a return on equity of 12.51%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. On average, analysts anticipate that Marriott Vacations Worldwide Corp. will post $4.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, September 20th. Marriott Vacations Worldwide Corp.’s payout ratio is 31.50%.

Several research analysts have issued reports on VAC shares. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $92.00 target price on shares of Marriott Vacations Worldwide Corp. in a report on Monday, September 12th. Stifel Nicolaus lifted their price target on shares of Marriott Vacations Worldwide Corp. from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research lowered shares of Marriott Vacations Worldwide Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Deutsche Bank AG reiterated a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a research note on Sunday, June 26th. Finally, Telsey Advisory Group lifted their price target on shares of Marriott Vacations Worldwide Corp. from $69.00 to $83.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.75.

In related news, VP Brian E. Miller sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $78.66, for a total value of $314,640.00. Following the completion of the transaction, the vice president now directly owns 18,771 shares of the company’s stock, valued at approximately $1,476,526.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Marriott Vacations Worldwide Corp. Company Profile

Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand.

5 Day Chart for NYSE:VAC

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