Raymond James Financial Services Advisors Inc. Has $358,000 Holdings in Marriot Vacations Worldwide Corporation (VAC)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 38.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,037 shares of the company’s stock after purchasing an additional 841 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Marriot Vacations Worldwide Corporation were worth $358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Marriot Vacations Worldwide Corporation by 7.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after buying an additional 77 shares during the last quarter. Creative Planning raised its position in Marriot Vacations Worldwide Corporation by 3.2% in the 2nd quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after buying an additional 40 shares during the last quarter. Turner Investments LLC acquired a new stake in Marriot Vacations Worldwide Corporation in the 2nd quarter valued at approximately $177,000. Quantbot Technologies LP acquired a new stake in Marriot Vacations Worldwide Corporation in the 2nd quarter valued at approximately $196,000. Finally, M&T Bank Corp bought a new position in Marriot Vacations Worldwide Corporation in the second quarter valued at approximately $204,000. 77.34% of the stock is currently owned by institutional investors.

Marriot Vacations Worldwide Corporation (VAC) opened at $134.21 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.65 and a current ratio of 6.64. Marriot Vacations Worldwide Corporation has a one year low of $74.73 and a one year high of $143.53. The company has a market capitalization of $3,535.71, a P/E ratio of 22.02 and a beta of 1.20.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its earnings results on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.27. Marriot Vacations Worldwide Corporation had a return on equity of 17.91% and a net margin of 8.28%. The company had revenue of $486.99 million during the quarter, compared to the consensus estimate of $470.05 million. During the same period in the previous year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. research analysts anticipate that Marriot Vacations Worldwide Corporation will post 5.38 earnings per share for the current fiscal year.

Marriot Vacations Worldwide Corporation announced that its board has initiated a stock buyback plan on Thursday, August 3rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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VAC has been the subject of a number of analyst reports. BidaskClub downgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Telsey Advisory Group raised their price target on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research note on Tuesday, August 8th. Deutsche Bank AG restated a “hold” rating and issued a $112.00 price target (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, August 9th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a research note on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $133.22.

In other news, major shareholder J W. Marriott, Jr. sold 5,962 shares of Marriot Vacations Worldwide Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total transaction of $680,741.16. Following the completion of the transaction, the insider now directly owns 12,144 shares in the company, valued at approximately $1,386,601.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

Marriot Vacations Worldwide Corporation 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.

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

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