AQR Capital Management LLC increased its stake in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 38.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,186 shares of the company’s stock after buying an additional 9,159 shares during the period. AQR Capital Management LLC owned 0.12% of Marriot Vacations Worldwide Corporation worth $3,316,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Creative Planning increased its position in shares of Marriot Vacations Worldwide Corporation by 12.4% in the first quarter. Creative Planning now owns 1,267 shares of the company’s stock valued at $127,000 after buying an additional 140 shares during the last quarter. US Bancorp DE increased its position in shares of Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock valued at $147,000 after buying an additional 87 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at $193,000. Lincoln National Corp bought a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at $205,000. Finally, AXA bought a new position in shares of Marriot Vacations Worldwide Corporation during the first quarter valued at $210,000. Hedge funds and other institutional investors own 79.11% of the company’s stock.
Shares of Marriot Vacations Worldwide Corporation (VAC) opened at 115.51 on Friday. Marriot Vacations Worldwide Corporation has a 52-week low of $59.33 and a 52-week high of $128.25. The company’s 50 day moving average price is $118.75 and its 200 day moving average price is $102.79. The stock has a market capitalization of $3.14 billion, a PE ratio of 22.03 and a beta of 1.15.
Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its earnings results on Thursday, May 4th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.04. Marriot Vacations Worldwide Corporation had a return on equity of 16.04% and a net margin of 7.76%. The company had revenue of $487.50 million for the quarter, compared to analyst estimates of $475.07 million. During the same period in the prior year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, equities research analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.29 EPS for the current year.
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Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub downgraded Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Stifel Nicolaus raised their price target on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Buckingham Research assumed coverage on Marriot Vacations Worldwide Corporation in a report on Monday, June 19th. They set a “buy” rating and a $142.00 price target for the company. Finally, Deutsche Bank AG raised their price target on Marriot Vacations Worldwide Corporation from $80.00 to $92.00 and gave the company a “hold” rating in a report on Monday, May 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $113.25.
In related news, Director Thomas J. Hutchison III sold 3,599 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $118.15, for a total transaction of $425,221.85. Following the transaction, the director now directly owns 1,281 shares of the company’s stock, valued at approximately $151,350.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $119.00, for a total value of $595,000.00. Following the transaction, the vice president now directly owns 27,832 shares in the company, valued at $3,312,008. The disclosure for this sale can be found here. Insiders have sold a total of 42,861 shares of company stock worth $5,110,417 over the last ninety days. 3.30% of the stock is currently owned by corporate insiders.
Marriot Vacations Worldwide Corporation Company Profile
Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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