State Board of Administration of Florida Retirement System lowered its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,844 shares of the company’s stock after selling 3,060 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Marriott Vacations Worldwide Corp were worth $920,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of VAC. Bank of New York Mellon Corp increased its stake in shares of Marriott Vacations Worldwide Corp by 3.9% in the third quarter. Bank of New York Mellon Corp now owns 351,709 shares of the company’s stock valued at $25,787,000 after buying an additional 13,222 shares in the last quarter. Aperio Group LLC increased its stake in shares of Marriott Vacations Worldwide Corp by 1.8% in the third quarter. Aperio Group LLC now owns 5,227 shares of the company’s stock valued at $383,000 after buying an additional 94 shares in the last quarter. First Trust Advisors LP increased its position in Marriott Vacations Worldwide Corp by 3.4% in the third quarter. First Trust Advisors LP now owns 14,234 shares of the company’s stock worth $1,044,000 after buying an additional 473 shares during the period. Stratos Wealth Partners LTD. increased its position in Marriott Vacations Worldwide Corp by 2.1% in the third quarter. Stratos Wealth Partners LTD. now owns 6,649 shares of the company’s stock worth $488,000 after buying an additional 135 shares during the period. Finally, Seven Bridges Advisors LLC purchased a new position in Marriott Vacations Worldwide Corp during the third quarter worth approximately $177,000. 75.49% of the stock is currently owned by institutional investors and hedge funds.
Marriott Vacations Worldwide Corp (NYSE:VAC) traded up 1.50% on Friday, hitting $104.42. 492,337 shares of the stock traded hands. Marriott Vacations Worldwide Corp has a 52 week low of $56.33 and a 52 week high of $105.33. The firm’s 50 day moving average is $96.98 and its 200 day moving average is $84.35. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 21.62 and a beta of 1.25.
A number of research firms recently commented on VAC. Janney Montgomery Scott started coverage on Marriott Vacations Worldwide Corp in a research note on Thursday. They issued a “buy” rating and a $119.00 price target for the company. MKM Partners reaffirmed a “buy” rating and set a $115.00 price target (up previously from $104.00) on shares of Marriott Vacations Worldwide Corp in a report on Tuesday, February 28th. Stifel Nicolaus lifted their price target on shares of Marriott Vacations Worldwide Corp to $102.00 in a research report on Friday, February 24th. Telsey Advisory Group lifted their price target on shares of Marriott Vacations Worldwide Corp from $72.00 to $96.00 and gave the stock a “market perform” rating in a research report on Friday, February 24th. Finally, Zacks Investment Research lowered shares of Marriott Vacations Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $103.67.
In other news, major shareholder J W. Marriott, Jr. sold 5,788 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $95.33, for a total value of $551,770.04. Following the transaction, the insider now owns 11,789 shares in the company, valued at approximately $1,123,845.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael E. Yonker sold 6,000 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $97.43, for a total transaction of $584,580.00. Following the transaction, the vice president now owns 5,628 shares in the company, valued at approximately $548,336.04. The disclosure for this sale can be found here. Insiders have sold a total of 20,608 shares of company stock worth $1,991,844 over the last three months. Insiders own 2.70% of the company’s stock.
About Marriott Vacations Worldwide Corp
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.
