Texas Permanent School Fund boosted its stake in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 17,839 shares of the company’s stock after buying an additional 182 shares during the period. Texas Permanent School Fund’s holdings in Marriot Vacations Worldwide Corporation were worth $2,101,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Marriot Vacations Worldwide Corporation by 12.4% in the first quarter. Creative Planning now owns 1,267 shares of the company’s stock valued at $127,000 after buying an additional 140 shares in the last quarter. US Bancorp DE raised its stake 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 in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at about $193,000. Lincoln National Corp purchased a new stake in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at about $205,000. Finally, AXA purchased a new stake in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at about $210,000. Institutional investors and hedge funds own 78.93% of the company’s stock.

Marriot Vacations Worldwide Corporation (VAC) opened at 108.79 on Friday. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 19.57 and a beta of 1.14. The firm’s 50-day moving average price is $115.83 and its 200 day moving average price is $106.17. 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 issued its earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.34. The company had revenue of $497.62 million for the quarter, compared to analysts’ expectations of $489.85 million. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. Marriot Vacations Worldwide Corporation’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. On average, equities research analysts expect that Marriot Vacations Worldwide Corporation will post $5.52 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 repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Several brokerages recently issued reports on VAC. Deutsche Bank AG increased their price objective on Marriot Vacations Worldwide Corporation from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Zacks Investment Research lowered Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. BidaskClub lowered Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Stifel Nicolaus raised their target price on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Finally, Buckingham Research began coverage on Marriot Vacations Worldwide Corporation in a report on Monday, June 19th. They set a “buy” rating and a $142.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $118.63.

In other news, Director Thomas J. Hutchison III sold 3,599 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $118.15, for a total value of $425,221.85. Following the sale, the director now directly owns 1,281 shares of the company’s stock, valued at approximately $151,350.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $119.00, for a total transaction of $595,000.00. Following the completion of the sale, the vice president now directly owns 27,832 shares in the company, valued at $3,312,008. The disclosure for this sale can be found here. Over 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.

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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