Municipal Employees Retirement System of Michigan Has $1.33 Million Holdings in Marriot Vacations Worldwide Corporation (VAC)

Municipal Employees Retirement System of Michigan raised its holdings in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 47.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,650 shares of the company’s stock after purchasing an additional 3,410 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Marriot Vacations Worldwide Corporation were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prudential Financial Inc. boosted its holdings in Marriot Vacations Worldwide Corporation by 15.2% in the 2nd quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock valued at $6,836,000 after purchasing an additional 7,674 shares in the last quarter. Northern Trust Corp boosted its holdings in Marriot Vacations Worldwide Corporation by 4.5% in the 2nd quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock valued at $52,605,000 after purchasing an additional 19,203 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Marriot Vacations Worldwide Corporation by 43.9% during the 2nd quarter. First Trust Advisors LP now owns 23,109 shares of the company’s stock worth $2,721,000 after acquiring an additional 7,045 shares in the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Marriot Vacations Worldwide Corporation by 235.5% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 10,400 shares of the company’s stock worth $1,225,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Cambria Investment Management L.P. purchased a new stake in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter worth approximately $856,000. 76.14% of the stock is currently owned by institutional investors.

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In other Marriot Vacations Worldwide Corporation news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.30% of the company’s stock.

Marriot Vacations Worldwide Corporation (VAC) opened at $135.06 on Monday. 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 12-month low of $75.70 and a 12-month high of $143.53. The stock has a market capitalization of $3,578.36, a P/E ratio of 22.29 and a beta of 1.20.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.41 earnings per share (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 firm 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 firm posted $0.96 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. analysts predict 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 approved a share repurchase program on Thursday, August 3rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

VAC has been the topic of several research analyst reports. Janney Montgomery Scott reissued a “buy” rating and set a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a research note on Tuesday, August 29th. Zacks Investment Research lowered Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. Nomura boosted their price target on Marriot Vacations Worldwide Corporation from $151.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and set a $130.00 price target (up previously from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Thursday, September 21st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $112.00 price target (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Marriot Vacations Worldwide Corporation currently has a consensus rating of “Hold” and an average price target of $133.22.

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.

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

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