Capital Fund Management S.A. grew its stake in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 93.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,540 shares of the company’s stock after buying an additional 23,966 shares during the period. Capital Fund Management S.A. owned 0.19% of Marriott Vacations Worldwide worth $5,536,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Holdings Inc. bought a new stake in shares of Marriott Vacations Worldwide during the second quarter valued at about $287,000. Savant Capital LLC bought a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at about $18,499,000. Moneta Group Investment Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide during the second quarter valued at about $132,000. FMR LLC increased its position in shares of Marriott Vacations Worldwide by 1.7% during the second quarter. FMR LLC now owns 1,319,230 shares of the company’s stock valued at $149,020,000 after buying an additional 21,916 shares during the period. Finally, Northern Trust Corp increased its position in shares of Marriott Vacations Worldwide by 1.5% during the second quarter. Northern Trust Corp now owns 439,319 shares of the company’s stock valued at $49,625,000 after buying an additional 6,683 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.
Several brokerages have recently weighed in on VAC. Macquarie cut Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research report on Thursday. ValuEngine cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research cut Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research 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 research report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $137.20.
Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data 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). The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $717.48 million. Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. As a group, sell-side analysts predict that Marriott Vacations Worldwide Corp will post 5.64 earnings per share for the current year.
In related news, VP John E. Geller, Jr. acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were bought at an average cost of $76.73 per share, for a total transaction of $460,380.00. Following the completion of the transaction, the vice president now owns 79,165 shares in the company, valued at $6,074,330.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen P. Weisz acquired 2,355 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was bought at an average price of $81.22 per share, for a total transaction of $191,273.10. Following the completion of the transaction, the chief executive officer now owns 186,352 shares of the company’s stock, valued at approximately $15,135,509.44. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by corporate insiders.
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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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