M&T Bank Corp acquired a new stake in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,732 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew 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 valued at $138,000 after buying an additional 77 shares during the last quarter. US Bancorp DE grew 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 valued at $147,000 after buying an additional 87 shares during the last quarter. Creative Planning grew 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 valued at $154,000 after buying an additional 40 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter valued at about $177,000. Finally, AXA acquired a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at about $210,000. Hedge funds and other institutional investors own 75.63% of the company’s stock.

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In other Marriot Vacations Worldwide Corporation news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the firm’s stock in a transaction dated 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 directly owns 12,144 shares in the company, valued at approximately $1,386,601.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brian E. Miller sold 10,500 shares of the firm’s stock in a transaction dated 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 $1,381,967.38. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine cut shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price objective (up from $120.00) on shares of Marriot Vacations Worldwide Corporation in a report on Thursday, September 21st. Janney Montgomery Scott reiterated a “buy” rating and set a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. Finally, BidaskClub upgraded shares of Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $126.86.

Marriot Vacations Worldwide Corporation (VAC) opened at 125.14 on Tuesday. The company’s 50-day moving average is $119.33 and its 200 day moving average is $114.63. The stock has a market capitalization of $3.38 billion, a PE ratio of 22.51 and a beta of 1.13. Marriot Vacations Worldwide Corporation has a 12-month low of $61.03 and a 12-month high of $128.75.

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 the Thomson Reuters’ consensus estimate of $1.26 by $0.34. The company had revenue of $497.62 million during the quarter, compared to analyst estimates 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 last year, the business earned $1.08 EPS. On average, equities research analysts expect that Marriot Vacations Worldwide Corporation will post $5.41 earnings per share for the current fiscal year.

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

Marriot Vacations Worldwide Corporation announced that its board has authorized 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 an indication that the company’s board believes its shares are undervalued.

Marriot Vacations Worldwide Corporation 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.

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

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