Capstone Asset Management Co. Decreases Position in Marriot Vacations Worldwide Corporation (VAC)

Capstone Asset Management Co. lowered its stake in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other institutional investors have also modified their holdings of the stock. Stratos Wealth Partners LTD. raised its position in shares of Marriot Vacations Worldwide Corporation by 0.3% in the first quarter. Stratos Wealth Partners LTD. now owns 5,858 shares of the company’s stock valued at $585,000 after buying an additional 15 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Marriot Vacations Worldwide Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 2,700 shares of the company’s stock valued at $269,000 after buying an additional 70 shares during the last quarter. US Bancorp DE raised its position in shares of Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock valued at $147,000 after buying an additional 87 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Marriot Vacations Worldwide Corporation by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,620 shares of the company’s stock valued at $762,000 after buying an additional 90 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Marriot Vacations Worldwide Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the company’s stock valued at $989,000 after buying an additional 100 shares during the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Marriot Vacations Worldwide Corporation (VAC) opened at 110.00 on Friday. The stock has a 50 day moving average of $114.49 and a 200-day moving average of $107.01. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 19.78 and a beta of 1.14. Marriot Vacations Worldwide Corporation has a 52-week low of $59.33 and a 52-week high of $128.25.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.34. The business had revenue of $497.62 million for the quarter, compared to analyst estimates of $489.85 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 17.6% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. On average, analysts forecast that Marriot Vacations Worldwide Corporation will post $5.58 EPS for the current year.

Marriot Vacations Worldwide Corporation declared that its board has approved a stock repurchase plan on Thursday, August 3rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “Capstone Asset Management Co. Decreases Position in Marriot Vacations Worldwide Corporation (VAC)” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.com-unik.info/2017/08/19/marriot-vacations-worldwide-corporation-vac-position-decreased-by-capstone-asset-management-co-updated-updated.html.

Several brokerages recently weighed in on VAC. 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 lowered shares of Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, Telsey Advisory Group cut their price objective on shares of Marriot Vacations Worldwide Corporation from $113.00 to $96.00 and set a “market perform” rating on the stock in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Marriot Vacations Worldwide Corporation has a consensus rating of “Buy” and a consensus target price of $118.63.

In related news, CEO Stephen P. Weisz sold 9,851 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $119.84, for a total value of $1,180,543.84. Following the sale, the chief executive officer now directly owns 179,185 shares of the company’s stock, valued at $21,473,530.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO R. Lee Cunningham sold 15,638 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $118.79, for a total value of $1,857,638.02. Following the completion of the sale, the chief operating officer now directly owns 43,922 shares in the company, valued at $5,217,494.38. The disclosure for this sale can be found here. Insiders sold 53,361 shares of company stock worth $6,313,822 over the last ninety days. 3.30% of the stock is currently owned by insiders.

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)

What are top analysts saying about Marriot Vacations Worldwide Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marriot Vacations Worldwide Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit