Marriott Vacations Worldwide (NYSE:VAC) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a hold rating to a buy rating in a research report sent to investors on Monday, February 5th.

Other research analysts have also recently issued research reports about the company. Macquarie began coverage on Marriott Vacations Worldwide in a research note on Friday, January 5th. They set an outperform rating on the stock. Nomura began coverage on Marriott Vacations Worldwide in a research note on Wednesday, October 25th. They set a buy rating and a $151.00 target price on the stock. Instinet assumed coverage on Marriott Vacations Worldwide in a research note on Wednesday, October 25th. They set a buy rating and a $151.00 target price on the stock. Finally, Zacks Investment Research cut Marriott Vacations Worldwide from a hold rating to a sell rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $133.22.

Marriott Vacations Worldwide (VAC) opened at $139.80 on Monday. The company has a market capitalization of $3,689.38, a P/E ratio of 22.98 and a beta of 1.25. Marriott Vacations Worldwide has a 52 week low of $87.56 and a 52 week high of $154.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.65 and a current ratio of 6.64.

In other Marriott Vacations Worldwide news, COO R. Lee Cunningham sold 9,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $135.02, for a total transaction of $1,215,180.00. Following the sale, the chief operating officer now owns 19,356 shares of the company’s stock, valued at approximately $2,613,447.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael E. Yonker sold 2,500 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $134.43, for a total value of $336,075.00. Following the sale, the vice president now directly owns 3,128 shares in the company, valued at approximately $420,497.04. The disclosure for this sale can be found here. In the last three months, insiders sold 15,554 shares of company stock worth $2,113,261. 3.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at $101,000. JPMorgan Chase & Co. lifted its holdings in shares of Marriott Vacations Worldwide by 7.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after purchasing an additional 77 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Marriott Vacations Worldwide by 56.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock valued at $163,000 after purchasing an additional 435 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at $204,000. Finally, Capital Investment Advisors LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at $206,000. 73.89% of the stock is currently owned by institutional investors and hedge funds.

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Marriott Vacations Worldwide Company 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.

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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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