Fmr LLC Buys 130,811 Shares of Marriott Vacations Worldwide Corp (VAC)

Fmr LLC boosted its stake in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,450,041 shares of the company’s stock after buying an additional 130,811 shares during the period. Fmr LLC owned approximately 5.46% of Marriott Vacations Worldwide worth $162,041,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in Marriott Vacations Worldwide during the 2nd quarter valued at $287,000. Savant Capital LLC purchased a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at $18,499,000. Moneta Group Investment Advisors LLC purchased a new stake in Marriott Vacations Worldwide during the 2nd quarter valued at $132,000. Northern Trust Corp raised its holdings in Marriott Vacations Worldwide by 1.5% during the 2nd quarter. Northern Trust Corp now owns 439,319 shares of the company’s stock valued at $49,625,000 after buying an additional 6,683 shares during the period. Finally, Verition Fund Management LLC raised its holdings in Marriott Vacations Worldwide by 185.4% during the 2nd quarter. Verition Fund Management LLC now owns 18,000 shares of the company’s stock valued at $2,033,000 after buying an additional 11,692 shares during the period. Institutional investors own 79.32% of the company’s stock.

In other news, VP John E. Geller, Jr. purchased 6,000 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average price of $76.73 per share, with a total value of $460,380.00. Following the transaction, the vice president now owns 79,165 shares of the company’s stock, valued at $6,074,330.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles Elliott Andrews purchased 6,380 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were purchased at an average cost of $79.17 per share, for a total transaction of $505,104.60. Following the transaction, 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. In the last quarter, insiders acquired 14,735 shares of company stock worth $1,156,758. Insiders own 3.50% of the company’s stock.

VAC stock opened at $72.60 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.00 and a current ratio of 3.83. Marriott Vacations Worldwide Corp has a twelve month low of $72.10 and a twelve month high of $154.14. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51.

Marriott Vacations Worldwide (NYSE:VAC) last released its 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). Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $717.48 million. During the same quarter in the previous year, the business earned $1.39 EPS. The business’s revenue for the quarter was up 41.5% on a year-over-year basis. Sell-side analysts predict that Marriott Vacations Worldwide Corp will post 5.83 earnings per share for the current fiscal year.

Several analysts recently weighed in on VAC shares. Zacks Investment Research lowered Marriott Vacations Worldwide from a “hold” rating to a “strong sell” rating in a report on Saturday, November 17th. ValuEngine lowered Marriott Vacations Worldwide from a “sell” rating to a “strong sell” rating in a research note on Monday, October 8th. Finally, Nomura set a $158.00 target price on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Marriott Vacations Worldwide has a consensus rating of “Buy” and an average target price of $137.20.

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Marriott Vacations Worldwide Company 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.

Further Reading: Risk Tolerance

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

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