Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) have earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $125.43.

A number of research firms have recently issued reports on VAC. Zacks Investment Research cut shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Buckingham Research began coverage on shares of Marriot Vacations Worldwide Corporation in a research note on Monday, June 19th. They set a “buy” rating and a $142.00 target price for the company. ValuEngine upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Telsey Advisory Group raised their target price on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, August 4th.

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 dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value 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 SEC, which is available through this link. Also, insider Laurie A. Sullivan sold 1,407 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $121.04, for a total transaction of $170,303.28. Following the completion of the transaction, the insider now directly owns 100 shares in the company, valued at $12,104. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,323 shares of company stock worth $6,399,563. Insiders own 3.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in VAC. BlackRock Inc. increased its holdings in Marriot Vacations Worldwide Corporation by 42,912.0% in the 1st quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock valued at $287,334,000 after buying an additional 2,868,665 shares during the period. FMR LLC increased its holdings in Marriot Vacations Worldwide Corporation by 73.1% in the 1st quarter. FMR LLC now owns 1,011,226 shares of the company’s stock valued at $101,052,000 after buying an additional 427,126 shares during the period. Capital Growth Management LP bought a new position in Marriot Vacations Worldwide Corporation in the 2nd quarter valued at about $30,615,000. Vanguard Group Inc. increased its holdings in 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 buying an additional 179,768 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Marriot Vacations Worldwide Corporation by 30.7% in the 1st quarter. Bank of New York Mellon Corp now owns 494,158 shares of the company’s stock valued at $49,381,000 after buying an additional 116,198 shares during the period. 75.63% of the stock is currently owned by hedge funds and other institutional investors.

Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 113.33 on Friday. Marriot Vacations Worldwide Corporation has a 12-month low of $59.33 and a 12-month high of $128.25. The company has a market cap of $3.06 billion, a P/E ratio of 20.38 and a beta of 1.15. The stock’s 50 day moving average is $113.40 and its 200 day moving average is $110.29.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping 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%. Marriot Vacations Worldwide Corporation’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. On average, equities analysts forecast that Marriot Vacations Worldwide Corporation will post $5.56 earnings per share 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 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s dividend payout ratio is 25.18%.

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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.

Analyst Recommendations for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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