Dupont Capital Management Corp lessened its stake in Marriott Vacations Worldwide Corp (NYSE:VAC) by 42.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,177 shares of the company’s stock after selling 2,322 shares during the quarter. Dupont Capital Management Corp’s holdings in Marriott Vacations Worldwide were worth $355,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in VAC. Millennium Management LLC increased its holdings in shares of Marriott Vacations Worldwide by 254.4% in the 1st quarter. Millennium Management LLC now owns 15,520 shares of the company’s stock valued at $2,067,000 after acquiring an additional 11,141 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Marriott Vacations Worldwide by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 197,250 shares of the company’s stock valued at $26,274,000 after acquiring an additional 6,558 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Marriott Vacations Worldwide by 20.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 3,565 shares of the company’s stock valued at $403,000 after acquiring an additional 600 shares during the period. Bank of Montreal Can purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter valued at $517,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter valued at $282,000.
In other news, CEO Stephen P. Weisz purchased 2,355 shares of the stock in a transaction on Friday, November 9th. The stock was bought at an average price of $81.22 per share, with a total value of $191,273.10. Following the transaction, the chief executive officer now owns 186,352 shares in the company, valued at approximately $15,135,509.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John E. Geller, Jr. purchased 6,000 shares of the stock in a transaction on Monday, November 12th. The shares were purchased 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 in the company, valued at approximately $6,074,330.45. The disclosure for this purchase can be found here. 3.50% of the stock is owned by insiders.
Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.34). Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The business had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $717.48 million. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. On average, equities research analysts forecast that Marriott Vacations Worldwide Corp will post 5.86 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on VAC. Macquarie downgraded Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a report on Thursday, November 15th. ValuEngine downgraded Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research downgraded Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Friday, October 19th. Finally, Nomura set a $158.00 price target on Marriott Vacations Worldwide and gave the company a “buy” rating in a report on Thursday, August 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $137.20.
Marriott Vacations Worldwide Company Profile
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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