Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 99.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,182 shares of the company’s stock after acquiring an additional 1,583 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Marriott Vacations Worldwide were worth $356,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at approximately $108,000. Macquarie Group Ltd. lifted its position in Marriott Vacations Worldwide by 266.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in Marriott Vacations Worldwide in the 2nd quarter worth approximately $132,000. Cerebellum GP LLC purchased a new stake in Marriott Vacations Worldwide in the 3rd quarter worth approximately $151,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in Marriott Vacations Worldwide in the 2nd quarter worth approximately $211,000. Institutional investors and hedge funds own 79.32% of the company’s stock.
VAC has been the subject of a number of research analyst reports. Nomura set a $158.00 target price on shares of Marriott Vacations Worldwide and gave the stock a “buy” rating in a research report on Thursday, August 23rd. ValuEngine downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, Macquarie downgraded shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Marriott Vacations Worldwide presently has an average rating of “Buy” and an average target price of $137.20.
VAC stock opened at $72.60 on Friday. Marriott Vacations Worldwide Corp has a 12-month low of $72.10 and a 12-month high of $154.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.83 and a quick ratio of 3.00. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.29 and a beta of 1.51.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.34). The business had revenue of $750.00 million for the quarter, compared to the consensus estimate of $717.48 million. Marriott Vacations Worldwide had a net margin of 4.04% and a return on equity of 10.28%. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 EPS. On average, research analysts expect that Marriott Vacations Worldwide Corp will post 5.83 earnings per share for the current fiscal year.
In other Marriott Vacations Worldwide news, VP John E. Geller, Jr. purchased 6,000 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average price of $76.73 per share, for a total transaction of $460,380.00. Following the acquisition, the vice president now owns 79,165 shares of the company’s stock, valued at $6,074,330.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles Elliott Andrews purchased 6,380 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were acquired at an average price of $79.17 per share, for a total transaction of $505,104.60. Following the acquisition, the director now directly owns 6,380 shares in the company, valued at approximately $505,104.60. The disclosure for this purchase can be found here. Insiders have bought a total of 14,735 shares of company stock worth $1,156,758 in the last 90 days. 3.50% of the stock is owned by insiders.
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Marriott Vacations Worldwide 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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