ProShare Advisors LLC Sells 854 Shares of Marriot Vacations Worldwide Corporation (VAC)

ProShare Advisors LLC lowered its position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 26.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,413 shares of the company’s stock after selling 854 shares during the period. ProShare Advisors LLC’s holdings in Marriot Vacations Worldwide Corporation were worth $284,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Laurion Capital Management LP bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter worth about $2,225,000. Amalgamated Bank grew its position in shares of 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 acquiring an additional 51 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Marriot Vacations Worldwide Corporation by 1.9% during the second quarter. Teachers Advisors LLC now owns 39,732 shares of the company’s stock worth $4,678,000 after acquiring an additional 749 shares during the last quarter. Symphony Asset Management LLC grew its position in shares of Marriot Vacations Worldwide Corporation by 4.1% during the second quarter. Symphony Asset Management LLC now owns 5,490 shares of the company’s stock worth $647,000 after acquiring an additional 216 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in shares of Marriot Vacations Worldwide Corporation by 63.9% during the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the company’s stock worth $251,000 after acquiring an additional 831 shares during the last quarter. Institutional investors and hedge funds own 75.63% of the company’s stock.

Shares of Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 124.78 on Thursday. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.75. The firm’s 50-day moving average price is $118.48 and its 200-day moving average price is $114.11. The company has a market cap of $3.37 billion, a PE ratio of 22.44 and a beta of 1.13.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.34. The firm 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%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 EPS. Equities analysts predict that Marriot Vacations Worldwide Corporation will post $5.41 EPS for the current fiscal year.

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 dividend yield of 1.12%. The ex-dividend date was Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is 25.18%.

Marriot Vacations Worldwide Corporation announced that its board has initiated a stock buyback plan on Thursday, August 3rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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VAC has been the subject of several recent research reports. Janney Montgomery Scott restated a “buy” rating and set a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. Zacks Investment Research lowered shares of Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Deutsche Bank AG restated a “hold” rating and set a $112.00 price target (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $130.00 price target (up previously from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Thursday, September 21st. Finally, 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 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Marriot Vacations Worldwide Corporation currently has an average rating of “Hold” and an average target price of $126.86.

In related news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total transaction of $680,741.16. Following the transaction, the insider now directly owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian E. Miller sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $114.61, for a total value of $1,203,405.00. Following the transaction, the vice president now directly owns 12,058 shares in the company, valued at $1,381,967.38. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

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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