Bank of New York Mellon Corp decreased its position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 2.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 389,999 shares of the company’s stock after selling 9,630 shares during the period. Bank of New York Mellon Corp owned about 1.47% of Marriott Vacations Worldwide worth $44,055,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Marriott Vacations Worldwide by 10.5% during the 2nd quarter. BlackRock Inc. now owns 3,265,091 shares of the company’s stock worth $368,825,000 after acquiring an additional 310,249 shares during the period. FMR LLC grew its holdings in shares of Marriott Vacations Worldwide by 1.7% during the 2nd quarter. FMR LLC now owns 1,319,230 shares of the company’s stock worth $149,020,000 after acquiring an additional 21,916 shares during the period. Voya Investment Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 198.9% during the 2nd quarter. Voya Investment Management LLC now owns 604,559 shares of the company’s stock worth $68,291,000 after acquiring an additional 402,323 shares during the period. Millennium Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 2,989.3% during the 2nd quarter. Millennium Management LLC now owns 479,464 shares of the company’s stock worth $54,160,000 after acquiring an additional 463,944 shares during the period. Finally, Senvest Management LLC purchased a new position in shares of Marriott Vacations Worldwide during the 2nd quarter worth approximately $41,123,000.

Several analysts recently weighed in on the company. Nomura set a $158.00 price target on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research upgraded Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Wednesday, October 17th. Macquarie downgraded Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 15th. Finally, ValuEngine downgraded Marriott Vacations Worldwide from a “sell” rating to a “strong sell” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $137.20.

In other Marriott Vacations Worldwide news, VP John E. Geller, Jr. acquired 6,000 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average cost of $76.73 per share, with a total value of $460,380.00. Following the transaction, the vice president now owns 79,165 shares of the company’s stock, valued at approximately $6,074,330.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen P. Weisz acquired 2,355 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was acquired at an average cost of $81.22 per share, for a total transaction of $191,273.10. Following the completion of the transaction, the chief executive officer now directly owns 186,352 shares in the company, valued at approximately $15,135,509.44. The disclosure for this purchase can be found here. Corporate insiders own 3.50% of the company’s stock.

VAC stock opened at $73.10 on Wednesday. The company has a market capitalization of $3.60 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 1.31 and a beta of 1.54. Marriott Vacations Worldwide Corp has a 12-month low of $72.10 and a 12-month high of $154.14. The company has a current ratio of 3.83, a quick ratio of 3.00 and a debt-to-equity ratio of 1.11.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, November 7th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.34). The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $717.48 million. Marriott Vacations Worldwide had a net margin of 4.04% and a return on equity of 10.28%. The business’s revenue was up 41.5% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. As a group, analysts forecast that Marriott Vacations Worldwide Corp will post 5.86 EPS for the current year.

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About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.

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

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