Eaton Vance Management Has $4.56 Million Stake in Marriott Vacations Worldwide Corp (VAC)

Eaton Vance Management lifted its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,777 shares of the company’s stock after purchasing an additional 1,647 shares during the period. Eaton Vance Management owned about 0.15% of Marriott Vacations Worldwide worth $4,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in VAC. BlackRock Inc. increased its stake in shares of Marriott Vacations Worldwide by 43.2% in the third quarter. BlackRock Inc. now owns 4,676,093 shares of the company’s stock worth $522,552,000 after purchasing an additional 1,411,002 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Marriott Vacations Worldwide by 53.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,234,273 shares of the company’s stock worth $249,679,000 after purchasing an additional 774,107 shares in the last quarter. Millennium Management LLC increased its stake in shares of Marriott Vacations Worldwide by 2,989.3% in the second quarter. Millennium Management LLC now owns 479,464 shares of the company’s stock worth $54,160,000 after purchasing an additional 463,944 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Marriott Vacations Worldwide by 198.9% in the second quarter. Voya Investment Management LLC now owns 604,559 shares of the company’s stock worth $68,291,000 after purchasing an additional 402,323 shares in the last quarter. Finally, Senvest Management LLC purchased a new stake in shares of Marriott Vacations Worldwide in the second quarter worth $41,123,000. 79.32% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:VAC opened at $72.60 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.83 and a quick ratio of 3.00. Marriott Vacations Worldwide Corp has a fifty-two week low of $72.10 and a fifty-two week high of $154.14. The firm has a market cap of $3.66 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.34 and a beta of 1.51.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.34). Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $717.48 million. During the same quarter in the prior year, the company posted $1.39 EPS. Marriott Vacations Worldwide’s revenue was up 41.5% compared to the same quarter last year. Research analysts anticipate that Marriott Vacations Worldwide Corp will post 5.83 earnings per share for the current year.

In related news, VP John E. Geller, Jr. bought 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average price 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 is available at this hyperlink. Also, Director Charles Elliott Andrews bought 6,380 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were bought at an average price of $79.17 per share, with a total value of $505,104.60. Following the transaction, the director now owns 6,380 shares of the company’s stock, valued at approximately $505,104.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 14,735 shares of company stock valued at $1,156,758. 3.50% of the stock is owned by company insiders.

VAC has been the subject of a number of analyst reports. Nomura set a $158.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Wednesday, October 17th. ValuEngine raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Finally, Macquarie cut shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $137.20.

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

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