2,931 Shares in Marriot Vacations Worldwide Corporation (VAC) Purchased by Parametrica Management Ltd

Parametrica Management Ltd acquired a new position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,931 shares of the company’s stock, valued at approximately $365,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Creative Planning boosted its stake in Marriot Vacations Worldwide Corporation by 3.2% during the second quarter. Creative Planning now owns 1,307 shares of the company’s stock worth $154,000 after buying an additional 40 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Marriot Vacations Worldwide Corporation by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 7,686 shares of the company’s stock worth $899,000 after buying an additional 50 shares during the last quarter. Amalgamated Bank boosted its stake in Marriot Vacations Worldwide Corporation by 1.7% during the second quarter. Amalgamated Bank now owns 3,097 shares of the company’s stock worth $365,000 after buying an additional 51 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Marriot Vacations Worldwide Corporation by 7.0% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after buying an additional 77 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Marriot Vacations Worldwide Corporation by 0.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 10,892 shares of the company’s stock worth $1,283,000 after buying an additional 98 shares during the last quarter. 75.63% of the stock is currently owned by institutional investors.

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In other news, major shareholder J W. Marriott, Jr. sold 5,962 shares of Marriot Vacations Worldwide Corporation stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of the sale, the insider now owns 12,144 shares of the company’s stock, valued at $1,386,601.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian E. Miller sold 10,500 shares of Marriot Vacations Worldwide Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $114.61, for a total value of $1,203,405.00. Following the completion of the sale, the vice president now directly 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. Company insiders own 3.30% of the company’s stock.

VAC has been the topic of a number of recent research reports. Zacks Investment Research raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Thursday, July 6th. BidaskClub lowered Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Telsey Advisory Group boosted their price objective on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, August 4th. 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 note on Wednesday, August 9th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Marriot Vacations Worldwide Corporation has an average rating of “Hold” and an average price target of $132.22.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.27. The company had revenue of $486.99 million during the quarter, compared to the consensus estimate of $470.05 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. Marriot Vacations Worldwide Corporation’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share.

The business 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 1.06%. The ex-dividend date 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 share buyback plan on Thursday, August 3rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership 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.

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

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