Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) have received an average rating of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $126.50.

Several research firms recently weighed in on VAC. Zacks Investment Research cut Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine cut Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Buckingham Research began coverage on Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They set a “buy” rating and a $142.00 price target on the stock. BidaskClub lowered Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, Telsey Advisory Group lifted their price target on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th.

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In other news, VP Brian E. Miller sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of the transaction, the insider now directly owns 12,144 shares in the company, valued at approximately $1,386,601.92. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Marriot Vacations Worldwide Corporation by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,213 shares of the company’s stock valued at $721,000 after purchasing an additional 126 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Marriot Vacations Worldwide Corporation by 4.0% in the first quarter. Principal Financial Group Inc. now owns 198,214 shares of the company’s stock valued at $19,808,000 after purchasing an additional 7,534 shares during the period. Prudential Financial Inc. increased its holdings in shares of Marriot Vacations Worldwide Corporation by 15.2% in the second quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock valued at $6,836,000 after purchasing an additional 7,674 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Marriot Vacations Worldwide Corporation in the first quarter valued at approximately $193,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Marriot Vacations Worldwide Corporation by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 137,914 shares of the company’s stock valued at $13,782,000 after purchasing an additional 7,592 shares during the period. 75.63% of the stock is currently owned by institutional investors and hedge funds.

Marriot Vacations Worldwide Corporation (NYSE VAC) traded up 0.04% during trading on Wednesday, hitting $124.77. 182,036 shares of the stock traded hands. Marriot Vacations Worldwide Corporation has a 12 month low of $61.03 and a 12 month high of $128.75. The company has a market cap of $3.37 billion, a P/E ratio of 22.44 and a beta of 1.13. The company’s 50 day moving average price is $119.16 and its 200 day moving average price is $114.39.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.34. The firm had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, equities research analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.41 EPS for the current fiscal year.

The company also recently declared 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 yield of 1.12%. The ex-dividend date of this dividend was Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is 25.18%.

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

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.

Analyst Recommendations for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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