Quantbot Technologies LP purchased a new stake in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,665 shares of the company’s stock, valued at approximately $196,000.

Several other hedge funds have also recently modified their holdings of VAC. BlackRock Inc. increased its position in shares of Marriot Vacations Worldwide Corporation by 42,912.0% during the 1st quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock valued at $287,334,000 after purchasing an additional 2,868,665 shares during the period. FMR LLC increased its position in shares of Marriot Vacations Worldwide Corporation by 73.1% during the 1st quarter. FMR LLC now owns 1,011,226 shares of the company’s stock valued at $101,052,000 after purchasing an additional 427,126 shares during the period. Capital Growth Management LP acquired a new position in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter valued at $30,615,000. Vanguard Group Inc. increased its position in shares of Marriot Vacations Worldwide Corporation by 10.2% during the 1st quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock valued at $193,293,000 after purchasing an additional 179,768 shares during the period. Finally, Pathstone Family Office LLC increased its position in shares of Marriot Vacations Worldwide Corporation by 2,809.8% during the 2nd quarter. Pathstone Family Office LLC now owns 63,522 shares of the company’s stock valued at $7,480,000 after purchasing an additional 61,339 shares during the period. Institutional investors own 75.63% of the company’s stock.

Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 125.37 on Friday. Marriot Vacations Worldwide Corporation has a one year low of $59.33 and a one year high of $128.75. The firm has a market capitalization of $3.39 billion, a PE ratio of 22.55 and a beta of 1.13. The company has a 50 day moving average price of $116.73 and a 200-day moving average price of $113.12.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.26 by $0.34. The company had revenue of $497.62 million during 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%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. On average, equities analysts predict that Marriot Vacations Worldwide Corporation will post $5.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s payout ratio is 25.18%.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 3rd that allows the company to buyback 1,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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Several brokerages have recently issued reports on VAC. Zacks Investment Research cut Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Telsey Advisory Group lifted their price target on 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 cut Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, ValuEngine cut Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.86.

In other Marriot Vacations Worldwide Corporation news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total transaction of $680,741.16. Following the completion of the sale, the insider now owns 12,144 shares in the company, valued at approximately $1,386,601.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian E. Miller sold 10,500 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. 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.

Institutional Ownership by Quarter for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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