Marriott Vacations Worldwide Corp (VAC) Shares Bought by Legal & General Group Plc

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Legal & General Group Plc raised its stake in Marriott Vacations Worldwide Corp (NYSE:VAC) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,953 shares of the company’s stock after buying an additional 2,180 shares during the period. Legal & General Group Plc owned about 0.09% of Marriott Vacations Worldwide worth $2,958,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Neuburgh Advisers LLC grew its holdings in shares of Marriott Vacations Worldwide by 4.5% during the 4th quarter. Neuburgh Advisers LLC now owns 3,360 shares of the company’s stock valued at $237,000 after purchasing an additional 144 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 1.5% during the 4th quarter. Wetherby Asset Management Inc. now owns 12,823 shares of the company’s stock valued at $904,000 after purchasing an additional 189 shares during the last quarter. Huntington National Bank grew its holdings in shares of Marriott Vacations Worldwide by 65.4% during the 4th quarter. Huntington National Bank now owns 579 shares of the company’s stock valued at $41,000 after purchasing an additional 229 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Marriott Vacations Worldwide by 9.4% during the 4th quarter. Advisor Group Inc. now owns 2,991 shares of the company’s stock valued at $210,000 after purchasing an additional 258 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Marriott Vacations Worldwide by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,366 shares of the company’s stock valued at $1,154,000 after purchasing an additional 263 shares during the last quarter. 84.40% of the stock is currently owned by hedge funds and other institutional investors.

In other Marriott Vacations Worldwide news, SVP Laurie A. Sullivan sold 2,857 shares of the firm’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of $95.87, for a total value of $273,900.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.

Shares of Marriott Vacations Worldwide stock opened at $103.92 on Tuesday. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.45 and a beta of 1.62. Marriott Vacations Worldwide Corp has a 12-month low of $60.67 and a 12-month high of $138.46. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.71 and a current ratio of 3.49.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Thursday, February 28th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Marriott Vacations Worldwide had a net margin of 1.85% and a return on equity of 8.45%. Research analysts expect that Marriott Vacations Worldwide Corp will post 7.78 earnings per share for the current fiscal year.

Several equities analysts recently commented on VAC shares. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Tuesday, March 5th. Nomura reduced their target price on shares of Marriott Vacations Worldwide from $158.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 28th. Deutsche Bank reduced their target price on shares of Marriott Vacations Worldwide from $134.00 to $93.00 and set a “hold” rating on the stock in a report on Monday, January 7th. Credit Suisse Group reaffirmed an “outperform” rating and set a $120.00 target price on shares of Marriott Vacations Worldwide in a report on Wednesday, March 20th. Finally, SunTrust Banks increased their target price on shares of Marriott Vacations Worldwide to $149.00 and gave the company a “positive” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Marriott Vacations Worldwide has a consensus rating of “Buy” and an average target price of $128.83.

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About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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

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