Arizona State Retirement System lowered its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 15.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,082 shares of the company’s stock after selling 5,291 shares during the period. Arizona State Retirement System owned about 0.11% of Marriott Vacations Worldwide worth $3,250,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of Marriott Vacations Worldwide by 254.4% in the first quarter. Millennium Management LLC now owns 15,520 shares of the company’s stock valued at $2,067,000 after purchasing an additional 11,141 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Marriott Vacations Worldwide by 3.4% in the first quarter. Principal Financial Group Inc. now owns 197,250 shares of the company’s stock valued at $26,274,000 after purchasing an additional 6,558 shares in the last quarter. Brown Advisory Inc. acquired a new position in shares of Marriott Vacations Worldwide in the first quarter valued at $339,000. Xact Kapitalforvaltning AB raised its stake in shares of Marriott Vacations Worldwide by 20.2% in the second quarter. Xact Kapitalforvaltning AB now owns 3,565 shares of the company’s stock valued at $403,000 after purchasing an additional 600 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Marriott Vacations Worldwide in the second quarter valued at $143,000. 91.90% of the stock is owned by institutional investors.
Shares of NYSE VAC opened at $80.51 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 6.99 and a quick ratio of 5.17. Marriott Vacations Worldwide Corp has a one year low of $79.14 and a one year high of $154.14. The firm has a market capitalization of $2.56 billion, a P/E ratio of 13.93, a PEG ratio of 1.36 and a beta of 1.54.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, November 7th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.34). Marriott Vacations Worldwide had a return on equity of 15.81% and a net margin of 9.16%. The company had revenue of $750.00 million for the quarter, compared to analyst estimates of $717.48 million. During the same quarter in the prior year, the company earned $1.39 earnings per share. The business’s revenue was up 41.5% compared to the same quarter last year. Equities analysts anticipate that Marriott Vacations Worldwide Corp will post 5.64 EPS for the current year.
A number of brokerages recently commented on VAC. ValuEngine lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Zacks Investment Research lowered Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. Nomura set a $158.00 target price on Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Thursday, August 23rd. Finally, Jefferies Financial Group began coverage on Marriott Vacations Worldwide in a research note on Monday, July 16th. They issued a “buy” rating and a $150.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Marriott Vacations Worldwide currently has a consensus rating of “Buy” and a consensus price target of $137.20.
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About Marriott Vacations Worldwide
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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