LS Investment Advisors LLC continued to hold its stake in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) during the second quarter, Holdings Channel reports. The firm owned 910 shares of the company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Marriot Vacations Worldwide Corporation were worth $107,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. James Investment Research Inc. bought a new stake in shares of Marriot Vacations Worldwide Corporation during the second quarter valued at about $1,476,000. State of Alaska Department of Revenue raised its stake in shares of Marriot Vacations Worldwide Corporation by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 4,823 shares of the company’s stock valued at $567,000 after buying an additional 2,123 shares during the last quarter. Creative Planning raised its stake in shares of Marriot Vacations Worldwide Corporation by 3.2% in the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after buying an additional 40 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Marriot Vacations Worldwide Corporation by 14.2% in the first quarter. Public Employees Retirement System of Ohio now owns 14,054 shares of the company’s stock valued at $1,404,000 after buying an additional 1,744 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Marriot Vacations Worldwide Corporation by 46.7% in the first quarter. Point72 Asset Management L.P. now owns 11,000 shares of the company’s stock valued at $1,099,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.

Marriot Vacations Worldwide Corporation (NYSE VAC) traded down 0.54% on Friday, hitting $108.79. 229,422 shares of the company’s stock traded hands. 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 has a 12 month low of $59.33 and a 12 month high of $128.25. The stock has a 50 day moving average price of $115.83 and a 200-day moving average price of $106.17.

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

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

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Several equities research analysts have issued reports on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $112.00 target price (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday. Zacks Investment Research upgraded shares of 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 report on Tuesday. Telsey Advisory Group lifted their target price on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, August 4th. BidaskClub lowered shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Buckingham Research assumed coverage on shares of Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They set a “buy” rating and a $142.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Marriot Vacations Worldwide Corporation presently has an average rating of “Buy” and an average target price of $118.63.

In other news, insider Laurie A. Sullivan sold 1,407 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $121.04, for a total transaction of $170,303.28. Following the completion of the transaction, the insider now directly owns 100 shares in the company, valued at approximately $12,104. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian E. Miller sold 10,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $1,381,967.38. The disclosure for this sale can be found here. Insiders have sold a total of 53,361 shares of company stock valued at $6,313,822 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

About Marriot Vacations Worldwide Corporation

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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