Creative Planning raised its position in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,307 shares of the company’s stock after buying an additional 40 shares during the period. Creative Planning’s holdings in Marriot Vacations Worldwide Corporation were worth $154,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE increased its position 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 valued at $147,000 after buying an additional 87 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at approximately $193,000. Lincoln National Corp purchased a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at approximately $205,000. AXA purchased a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at approximately $210,000. Finally, Connable Office Inc. purchased a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at approximately $216,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Shares of Marriot Vacations Worldwide Corporation (VAC) traded down 0.49% during trading on Friday, reaching $108.84. 108,250 shares of the company’s stock were exchanged. The company has a 50 day moving average of $116.14 and a 200 day moving average of $105.99. Marriot Vacations Worldwide Corporation has a 12-month low of $59.33 and a 12-month high of $128.25. The stock has a market cap of $2.94 billion, a P/E ratio of 19.58 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The company had revenue of $497.62 million for the quarter, compared to the consensus estimate of $489.85 million. During the same period in the previous year, the firm earned $1.08 earnings per share. Marriot Vacations Worldwide Corporation’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.52 EPS for the current year.

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

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VAC has been the topic of several analyst reports. Janney Montgomery Scott initiated coverage on shares of Marriot Vacations Worldwide Corporation in a report on Thursday, April 20th. They set a “buy” rating and a $119.00 price target on the stock. Zacks Investment Research upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Wednesday, April 26th. Telsey Advisory Group cut their price target on shares of Marriot Vacations Worldwide Corporation from $113.00 to $96.00 and set a “market perform” rating on the stock in a report on Friday, May 5th. Deutsche Bank AG upped their price target on shares of Marriot Vacations Worldwide Corporation from $80.00 to $92.00 and gave the company a “hold” rating in a report on Monday, May 8th. Finally, Stifel Nicolaus upped their price target on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $118.63.

In other Marriot Vacations Worldwide Corporation news, insider Laurie A. Sullivan sold 1,407 shares of Marriot Vacations Worldwide Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $121.04, for a total transaction of $170,303.28. Following the completion of the sale, the insider now directly owns 100 shares in the company, valued at $12,104. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian E. Miller sold 10,500 shares of Marriot Vacations Worldwide Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the sale, the vice president now owns 12,058 shares of the company’s stock, valued at $1,381,967.38. The disclosure for this sale can be found here. Insiders have sold 53,361 shares of company stock worth $6,313,822 over the last ninety days. 3.30% of the stock is owned by insiders.

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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