Capstone Asset Management Co. Has $542,000 Stake in Marriot Vacations Worldwide Corporation (VAC)

Capstone Asset Management Co. reduced its position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,604 shares of the company’s stock after selling 340 shares during the period. Capstone Asset Management Co.’s holdings in Marriot Vacations Worldwide Corporation were worth $542,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VAC. BlackRock Inc. raised its position in Marriot Vacations Worldwide Corporation by 42,912.0% in the first quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock worth $287,334,000 after buying an additional 2,868,665 shares during the period. Vanguard Group Inc. raised its position in Marriot Vacations Worldwide Corporation by 10.2% in the first quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock worth $193,293,000 after buying an additional 179,768 shares during the period. FMR LLC raised its position in Marriot Vacations Worldwide Corporation by 73.1% in the first quarter. FMR LLC now owns 1,011,226 shares of the company’s stock worth $101,052,000 after buying an additional 427,126 shares during the period. State Street Corp raised its position in Marriot Vacations Worldwide Corporation by 6.8% in the first quarter. State Street Corp now owns 573,397 shares of the company’s stock worth $57,298,000 after buying an additional 36,662 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Marriot Vacations Worldwide Corporation by 30.7% in the first quarter. Bank of New York Mellon Corp now owns 494,158 shares of the company’s stock worth $49,381,000 after buying an additional 116,198 shares during the period. Institutional investors own 78.93% of the company’s stock.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) traded down 0.54% during midday trading on Friday, hitting $108.79. 229,422 shares of the stock were exchanged. Marriot Vacations Worldwide Corporation has a 52-week low of $59.33 and a 52-week high of $128.25. The firm has a market cap of $2.94 billion, a PE ratio of 19.57 and a beta of 1.14. The firm’s 50-day moving average is $115.83 and its 200 day moving average is $106.17.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $497.62 million during the quarter, compared to analyst estimates of $489.85 million. During the same period last year, the firm posted $1.08 EPS. The company’s revenue was up 17.6% on a year-over-year basis. On average, analysts forecast that Marriot Vacations Worldwide Corporation will post $5.52 earnings per share for the current year.

Marriot Vacations Worldwide Corporation declared that its board has approved 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 a sign that the company’s board believes its shares are undervalued.

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Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub upgraded shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Telsey Advisory Group dropped their target price on shares of Marriot Vacations Worldwide Corporation from $113.00 to $96.00 and set a “market perform” rating for the company in a research report on Friday, May 5th. Buckingham Research assumed coverage on shares of Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They set a “buy” rating and a $142.00 target price for the company. Finally, ValuEngine upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Marriot Vacations Worldwide Corporation has a consensus rating of “Buy” and an average price target of $118.63.

In other news, VP Brian E. Miller sold 10,500 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the completion of the transaction, the vice president now directly owns 12,058 shares in the company, valued at approximately $1,381,967.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laurie A. Sullivan sold 1,407 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $121.04, for a total value of $170,303.28. Following the transaction, the insider now owns 100 shares of the company’s stock, valued at $12,104. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,361 shares of company stock valued at $6,313,822. Insiders own 3.30% of the company’s stock.

Marriot Vacations Worldwide Corporation Company 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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