Marriot Vacations Worldwide Corporation (VAC) Holdings Increased by Prudential Financial Inc.

Prudential Financial Inc. grew its holdings in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,053 shares of the company’s stock after acquiring an additional 7,674 shares during the period. Prudential Financial Inc. owned 0.21% of Marriot Vacations Worldwide Corporation worth $6,836,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VAC. BlackRock Inc. grew its holdings in 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 worth $287,334,000 after acquiring an additional 2,868,665 shares during the period. FMR LLC boosted 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 worth $101,052,000 after purchasing an additional 427,126 shares in the last quarter. Vanguard Group Inc. boosted 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 worth $193,293,000 after purchasing an additional 179,768 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Marriot Vacations Worldwide Corporation by 30.7% during the 1st quarter. Bank of New York Mellon Corp now owns 494,158 shares of the company’s stock worth $49,381,000 after purchasing an additional 116,198 shares in the last quarter. Finally, Spark Investment Management LLC boosted its position in shares of Marriot Vacations Worldwide Corporation by 466.1% during the 2nd quarter. Spark Investment Management LLC now owns 65,100 shares of the company’s stock worth $7,665,000 after purchasing an additional 53,600 shares in the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

A number of research firms have recently issued reports on VAC. Deutsche Bank AG reissued a “hold” rating and set a $112.00 price objective (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research report on Tuesday, August 8th. BidaskClub cut shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Telsey Advisory Group increased their price objective on shares of 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. Finally, ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Marriot Vacations Worldwide Corporation has an average rating of “Buy” and a consensus target price of $125.43.

In related news, VP John E. Geller, Jr. sold 7,366 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $119.70, for a total transaction of $881,710.20. Following the transaction, the vice president now owns 82,206 shares in the company, valued at $9,840,058.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian E. Miller sold 10,500 shares of the business’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 transaction, the vice president now owns 12,058 shares in the company, valued at approximately $1,381,967.38. 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 quarter. 3.30% of the stock is owned by corporate insiders.

Marriot Vacations Worldwide Corporation (VAC) opened at 113.33 on Friday. Marriot Vacations Worldwide Corporation has a 52-week low of $59.33 and a 52-week high of $128.25. The stock’s 50 day moving average is $113.40 and its 200-day moving average is $110.29. The company has a market cap of $3.06 billion, a PE ratio of 20.38 and a beta of 1.15.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The company had revenue of $497.62 million for the quarter, compared to analysts’ expectations of $489.85 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. Marriot Vacations Worldwide Corporation’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts predict that Marriot Vacations Worldwide Corporation will post $5.56 EPS for the current fiscal year.

Marriot Vacations Worldwide Corporation announced that its board has approved 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. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s dividend payout ratio is currently 25.18%.

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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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