Stifel Financial Corp Sells 134 Shares of Marriot Vacations Worldwide Corporation (VAC)

Stifel Financial Corp lessened its holdings in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,355 shares of the company’s stock after selling 134 shares during the quarter. Stifel Financial Corp’s holdings in Marriot Vacations Worldwide Corporation were worth $279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. boosted its stake in shares of Marriot Vacations Worldwide Corporation by 15.2% in the 2nd quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock valued at $6,836,000 after purchasing an additional 7,674 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Marriot Vacations Worldwide Corporation by 5.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 137,914 shares of the company’s stock valued at $13,782,000 after purchasing an additional 7,592 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Marriot Vacations Worldwide Corporation by 10.2% in the 1st quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock valued at $193,293,000 after purchasing an additional 179,768 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Marriot Vacations Worldwide Corporation by 43.9% in the 2nd quarter. First Trust Advisors LP now owns 23,109 shares of the company’s stock valued at $2,721,000 after purchasing an additional 7,045 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Marriot Vacations Worldwide Corporation by 235.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 10,400 shares of the company’s stock valued at $1,225,000 after purchasing an additional 7,300 shares during the last quarter. 75.63% of the stock is currently owned by institutional investors.

In other Marriot Vacations Worldwide Corporation news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total transaction of $680,741.16. Following the sale, the insider now directly owns 12,144 shares in the company, valued at approximately $1,386,601.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian E. Miller sold 10,500 shares of the firm’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 transaction of $1,203,405.00. Following the sale, the vice president now owns 12,058 shares in the company, valued at $1,381,967.38. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

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Marriot Vacations Worldwide Corporation (VAC) opened at $141.85 on Friday. The company has a market capitalization of $3,758.32, a price-to-earnings ratio of 23.41 and a beta of 1.20. The company has a current ratio of 6.64, a quick ratio of 3.60 and a debt-to-equity ratio of 1.21.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings data 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. Marriot Vacations Worldwide Corporation had a net margin of 8.28% and a return on equity of 17.91%. The business had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. During the same quarter last year, the firm earned $0.96 EPS. Marriot Vacations Worldwide Corporation’s quarterly revenue was up 21.2% compared to the same quarter last year. equities analysts anticipate that Marriot Vacations Worldwide Corporation will post 5.37 earnings per share for the current year.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has approved a stock repurchase program on Thursday, August 3rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

VAC has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 target price (up previously from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Thursday, September 21st. ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $140.00 target price on shares of Marriot Vacations Worldwide Corporation in a research note on Tuesday, August 29th. Zacks Investment Research raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research note on Tuesday, August 8th. Finally, Nomura began coverage on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, October 25th. They set a “buy” rating and a $151.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $133.22.

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.

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

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