Dupont Capital Management Corp decreased its position in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 53.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,017 shares of the company’s stock after selling 10,423 shares during the period. Dupont Capital Management Corp’s holdings in Marriot Vacations Worldwide Corporation were worth $1,062,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Marriot Vacations Worldwide Corporation by 12.4% in the first quarter. Creative Planning now owns 1,267 shares of the company’s stock worth $127,000 after buying an additional 140 shares during the last quarter. US Bancorp DE increased its stake in Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after buying an additional 87 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Marriot Vacations Worldwide Corporation during the first quarter worth $193,000. Lincoln National Corp bought a new stake in Marriot Vacations Worldwide Corporation during the first quarter worth $205,000. Finally, AXA bought a new stake in Marriot Vacations Worldwide Corporation during the first quarter worth $210,000. 79.05% of the stock is currently owned by institutional investors.

Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 112.47 on Thursday. The stock has a 50 day moving average of $114.18 and a 200-day moving average of $107.73. Marriot Vacations Worldwide Corporation has a 1-year low of $59.33 and a 1-year high of $128.25. The company has a market cap of $3.04 billion, a PE ratio of 20.23 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The business had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. During the same quarter in the previous year, the company earned $1.08 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts predict that Marriot Vacations Worldwide Corporation will post $5.58 earnings per share for the current year.

Marriot Vacations Worldwide Corporation declared that its board has approved a share buyback program on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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A number of equities research analysts have weighed in on VAC shares. ValuEngine raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus lifted their price objective 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 raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Wednesday, May 10th. Buckingham Research started coverage on Marriot Vacations Worldwide Corporation in a report on Monday, June 19th. They set a “buy” rating and a $142.00 price objective on the stock. Finally, BidaskClub downgraded Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Marriot Vacations Worldwide Corporation has a consensus rating of “Buy” and an average price target of $118.63.

In other Marriot Vacations Worldwide Corporation news, VP Brian E. Miller sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $114.61, for a total value of $1,203,405.00. Following the completion of the transaction, the vice president now owns 12,058 shares of the company’s stock, valued at approximately $1,381,967.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Laurie A. Sullivan sold 1,407 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was 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 of the company’s stock, valued at approximately $12,104. The disclosure for this sale can be found here. In the last three months, insiders sold 53,361 shares of company stock valued at $6,313,822. Corporate insiders own 3.30% of the company’s stock.

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.

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

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