Connable Office Inc. held its position in Marriot Vacations Worldwide Corporation (NYSE:VAC) during the second quarter, Holdings Channel reports. The institutional investor owned 2,158 shares of the company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Marriot Vacations Worldwide Corporation were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VAC. Creative Planning increased its position in 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 in the last quarter. US Bancorp DE increased its position in 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 in the last quarter. Ameritas Investment Partners Inc. bought a new position in Marriot Vacations Worldwide Corporation during the first quarter worth $193,000. Lincoln National Corp bought a new position in Marriot Vacations Worldwide Corporation during the first quarter worth $205,000. Finally, AXA bought a new position in Marriot Vacations Worldwide Corporation during the first quarter worth $210,000. 78.93% of the stock is currently owned by institutional investors.

Shares of Marriot Vacations Worldwide Corporation (VAC) opened at 108.79 on Friday. The company’s 50-day moving average is $115.83 and its 200 day moving average is $106.17. Marriot Vacations Worldwide Corporation has a 1-year low of $59.33 and a 1-year high of $128.25. The stock has a market cap of $2.94 billion, a P/E ratio of 19.57 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.34. The firm had revenue of $497.62 million for 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 for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. Equities research analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.52 EPS for the current year.

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

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A number of equities analysts have recently commented on VAC shares. Deutsche Bank AG raised their target price on shares of Marriot Vacations Worldwide Corporation from $80.00 to $92.00 and gave the company a “hold” rating in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. BidaskClub downgraded shares of Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Stifel Nicolaus raised their target price on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Finally, Buckingham Research started coverage on shares of Marriot Vacations Worldwide Corporation in a research note on Monday, June 19th. They issued a “buy” rating and a $142.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $118.63.

In other Marriot Vacations Worldwide Corporation news, VP Brian E. Miller sold 10,500 shares of the 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 approximately $1,381,967.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laurie A. Sullivan sold 1,407 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $121.04, for a total transaction of $170,303.28. Following the sale, the insider now directly owns 100 shares in the company, valued at approximately $12,104. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,361 shares of company stock worth $6,313,822. 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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