Huntington National Bank raised its holdings in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 400.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,896 shares of the company’s stock after purchasing an additional 2,317 shares during the period. Huntington National Bank’s holdings in Marriott Vacations Worldwide were worth $271,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. We Are One Seven LLC bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $32,000. Exane Derivatives bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $38,000. Doyle Wealth Management bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $38,000. Private Capital Group LLC raised its position in shares of Marriott Vacations Worldwide by 205.2% in the 4th quarter. Private Capital Group LLC now owns 757 shares of the company’s stock worth $53,000 after acquiring an additional 509 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Marriott Vacations Worldwide by 100.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,500 shares of the company’s stock worth $106,000 after acquiring an additional 750 shares in the last quarter. 84.40% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on VAC. Zacks Investment Research lowered Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Credit Suisse Group reissued an “outperform” rating and issued a $120.00 target price on shares of Marriott Vacations Worldwide in a research report on Wednesday, March 20th. Deutsche Bank decreased their target price on Marriott Vacations Worldwide from $134.00 to $93.00 and set a “hold” rating for the company in a research report on Monday, January 7th. SunTrust Banks increased their target price on Marriott Vacations Worldwide to $149.00 and gave the stock a “positive” rating in a research report on Friday, March 1st. Finally, Nomura decreased their target price on Marriott Vacations Worldwide from $158.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Marriott Vacations Worldwide currently has a consensus rating of “Buy” and a consensus target price of $128.83.
Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Thursday, February 28th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.05. Marriott Vacations Worldwide had a return on equity of 8.45% and a net margin of 1.85%. On average, analysts expect that Marriott Vacations Worldwide Corp will post 7.78 EPS for the current fiscal year.
In other Marriott Vacations Worldwide news, SVP Laurie A. Sullivan sold 2,857 shares of the stock in a transaction on Friday, March 29th. The stock was sold at an average price of $95.87, for a total transaction of $273,900.59. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.
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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, 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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