Marriot Vacations Worldwide Corporation (NYSE:VAC) – Investment analysts at SunTrust Banks boosted their Q1 2018 earnings estimates for shares of Marriot Vacations Worldwide Corporation in a report released on Tuesday. SunTrust Banks analyst P. Scholes now expects that the company will post earnings of $1.48 per share for the quarter, up from their previous forecast of $1.47. SunTrust Banks also issued estimates for Marriot Vacations Worldwide Corporation’s Q2 2018 earnings at $1.64 EPS, Q3 2018 earnings at $1.40 EPS and Q4 2018 earnings at $1.74 EPS.

Several other research firms also recently issued reports on VAC. ValuEngine upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Janney Montgomery Scott restated a “buy” rating and set a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. BidaskClub upgraded Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Deutsche Bank AG reiterated a “hold” rating and issued a $112.00 price objective (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $125.43.

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Marriot Vacations Worldwide Corporation (NYSE:VAC) traded up 2.10% during mid-day trading on Thursday, reaching $116.38. The company’s stock had a trading volume of 790,728 shares. The firm’s 50 day moving average price is $113.20 and its 200 day moving average price is $110.79. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 20.93 and a beta of 1.15. 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 quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. The company 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%. Marriot Vacations Worldwide Corporation’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share.

Marriot Vacations Worldwide Corporation announced that its board has initiated a stock repurchase program on Thursday, August 3rd that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is 25.18%.

In other news, VP Brian E. Miller sold 10,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was 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 in the company, valued at $1,381,967.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO R. Lee Cunningham sold 15,638 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $118.79, for a total value of $1,857,638.02. Following the sale, the chief operating officer now owns 43,922 shares in the company, valued at approximately $5,217,494.38. The disclosure for this sale can be found here. Insiders have sold 54,323 shares of company stock worth $6,399,563 in the last 90 days. Insiders own 3.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of VAC. JPMorgan Chase & Co. boosted its holdings in shares of Marriot Vacations Worldwide Corporation by 7.0% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after purchasing an additional 77 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Marriot Vacations Worldwide Corporation by 6.3% during the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after purchasing an additional 87 shares during the last quarter. Creative Planning boosted its holdings in shares of Marriot Vacations Worldwide Corporation by 3.2% during the second quarter. Creative Planning now owns 1,307 shares of the company’s stock worth $154,000 after purchasing an additional 40 shares during the last quarter. Turner Investments LLC acquired a new stake in shares of Marriot Vacations Worldwide Corporation during the second quarter worth $177,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Marriot Vacations Worldwide Corporation during the first quarter worth $193,000. Institutional investors and hedge funds own 75.63% of the company’s stock.

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.

Earnings History and Estimates for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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