Metropolitan Life Insurance Co NY Grows Stake in Marriott Vacations Worldwide Corp (NYSE:VAC)

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Metropolitan Life Insurance Co NY raised its holdings in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,382 shares of the company’s stock after purchasing an additional 692 shares during the period. Metropolitan Life Insurance Co NY owned 0.06% of Marriott Vacations Worldwide worth $2,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Knuff & Co LLC purchased a new position in Marriott Vacations Worldwide during the 3rd quarter worth $25,000. Steward Partners Investment Advisory LLC acquired a new stake in Marriott Vacations Worldwide in the second quarter worth about $26,000. Whittier Trust Co. boosted 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 worth $35,000 after acquiring an additional 127 shares in the last quarter. Doyle Wealth Management purchased a new stake in shares of Marriott Vacations Worldwide during the second quarter worth about $52,000. Finally, Smithfield Trust Co. grew its stake in shares of Marriott Vacations Worldwide by 42.5% during 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 last quarter. Hedge funds and other institutional investors own 84.64% of the company’s stock.

Marriott Vacations Worldwide stock opened at $121.96 on Tuesday. The business’s 50-day simple moving average is $115.44 and its two-hundred day simple moving average is $102.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.62 and a current ratio of 3.40. The company has a market cap of $5.16 billion, a PE ratio of 20.74, a PEG ratio of 1.71 and a beta of 1.72. Marriott Vacations Worldwide Corp has a fifty-two week low of $60.67 and a fifty-two week high of $126.40.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.07). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Marriott Vacations Worldwide had a return on equity of 9.51% and a net margin of 2.50%. The company’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 earnings per share. As a group, analysts predict that Marriott Vacations Worldwide Corp will post 7.98 EPS for the current fiscal year.

In other Marriott Vacations Worldwide news, COO R. Lee Cunningham sold 2,226 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.37, for a total transaction of $239,005.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Hutchison III sold 984 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $107.71, for a total transaction of $105,986.64. Following the completion of the sale, the director now directly owns 20,449 shares in the company, valued at $2,202,561.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,330 shares of company stock worth $3,194,814. 2.30% of the stock is owned by corporate insiders.

VAC has been the subject of several research analyst reports. Nomura set a $136.00 price objective on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on shares of Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Deutsche Bank restated a “hold” rating and set a $119.00 price target on shares of Marriott Vacations Worldwide in a research note on Wednesday, November 13th. SunTrust Banks raised their price target on shares of Marriott Vacations Worldwide to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus raised their price target on shares of Marriott Vacations Worldwide from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $128.43.

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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