Marriot Vacations Worldwide Corporation (NYSE:VAC) major shareholder J W. Marriott, Jr. sold 5,962 shares of Marriot Vacations Worldwide Corporation stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of the transaction, the insider now owns 12,144 shares of the company’s stock, valued at $1,386,601.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of Marriot Vacations Worldwide Corporation (VAC) traded down 1.48% during mid-day trading on Thursday, reaching $112.29. The company’s stock had a trading volume of 144,697 shares. Marriot Vacations Worldwide Corporation has a 52 week low of $59.33 and a 52 week high of $128.25. The firm has a 50-day moving average of $113.85 and a 200-day moving average of $109.54. The firm has a market capitalization of $3.04 billion, a PE ratio of 20.20 and a beta of 1.15.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.34. The company had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. Equities research analysts forecast that Marriot Vacations Worldwide Corporation will post $5.56 earnings per share for the current fiscal year.

Marriot Vacations Worldwide Corporation declared 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 reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Marriot Vacations Worldwide Corporation by 7.0% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after purchasing an additional 77 shares during the last quarter. Creative Planning lifted its position in shares of Marriot Vacations Worldwide Corporation by 12.4% during the first quarter. Creative Planning now owns 1,267 shares of the company’s stock worth $127,000 after purchasing an additional 140 shares during the last quarter. US Bancorp DE lifted its position in shares of Marriot Vacations Worldwide Corporation by 6.3% during the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after purchasing an additional 87 shares during the last quarter. Turner Investments LLC bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter worth about $177,000. Finally, Quantbot Technologies LP bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter worth about $196,000. 75.63% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on VAC shares. Stifel Nicolaus lifted their target price on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Wednesday, May 10th. Deutsche Bank AG reiterated a “hold” rating and issued a $112.00 target price (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a report on Wednesday, August 9th. Buckingham Research started coverage on Marriot Vacations Worldwide Corporation in a report on Monday, June 19th. They issued a “buy” rating and a $142.00 target price for the company. Finally, ValuEngine upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Marriot Vacations Worldwide Corporation presently has a consensus rating of “Buy” and an average target price of $121.25.

About Marriot Vacations Worldwide Corporation

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.

Insider Buying and Selling by Quarter for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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