Metropolitan Life Insurance Co NY boosted its position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,382 shares of the company’s stock after purchasing an additional 692 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Marriott Vacations Worldwide were worth $2,423,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Knuff & Co LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $25,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at approximately $26,000. Whittier Trust Co. lifted its holdings in Marriott Vacations Worldwide by 59.1% in the third quarter. Whittier Trust Co. now owns 342 shares of the company’s stock valued at $35,000 after acquiring an additional 127 shares during the last quarter. Doyle Wealth Management purchased a new position in Marriott Vacations Worldwide in the second quarter worth approximately $52,000. Finally, Smithfield Trust Co. grew its position in Marriott Vacations Worldwide by 42.5% in the third quarter. Smithfield Trust Co. now owns 1,211 shares of the company’s stock worth $125,000 after acquiring an additional 361 shares during the period. Institutional investors own 84.64% of the company’s stock.
A number of equities research analysts have commented on the company. ValuEngine upgraded Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on Marriott Vacations Worldwide from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. lowered their price target on Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Deutsche Bank reissued a “hold” rating and set a $119.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday, November 13th. Finally, Nomura set a $136.00 target price on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $128.43.
In other Marriott Vacations Worldwide news, VP James H. Iv Hunter sold 425 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $120.00, for a total value of $51,000.00. Following the completion of the transaction, the vice president now directly owns 46,198 shares of the company’s stock, valued at approximately $5,543,760. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John E. Geller, Jr. sold 7,511 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $118.66, for a total transaction of $891,255.26. The disclosure for this sale can be found here. Insiders sold a total of 27,330 shares of company stock worth $3,194,814 in the last quarter. Company insiders own 2.30% of the company’s stock.
Shares of NYSE VAC opened at $121.96 on Tuesday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.71 and a beta of 1.72. The company has a quick ratio of 2.62, a current ratio of 3.40 and a debt-to-equity ratio of 1.27. Marriott Vacations Worldwide Corp has a 52-week low of $60.67 and a 52-week high of $126.40. The business’s 50 day moving average is $115.44 and its two-hundred day moving average is $102.04.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Monday, November 4th. The company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.07). Marriott Vacations Worldwide had a return on equity of 9.51% and a net margin of 2.50%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $1.42 earnings per share. The firm’s revenue for the quarter was up 51.9% on a year-over-year basis. Analysts anticipate that Marriott Vacations Worldwide Corp will post 7.98 EPS for the current fiscal year.
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, 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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