Goldman Sachs Group Inc. trimmed its holdings in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 31.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 664,728 shares of the company’s stock after selling 310,640 shares during the quarter. Goldman Sachs Group Inc. owned 2.46% of Marriot Vacations Worldwide Corporation worth $78,271,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VAC. Wells Fargo & Company MN lifted its position in shares of Marriot Vacations Worldwide Corporation by 12.1% during the first quarter. Wells Fargo & Company MN now owns 41,688 shares of the company’s stock worth $4,166,000 after purchasing an additional 4,494 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Marriot Vacations Worldwide Corporation by 38.4% during the first quarter. First Trust Advisors LP now owns 16,064 shares of the company’s stock worth $1,605,000 after purchasing an additional 4,460 shares during the last quarter. US Bancorp DE lifted its position in shares of Marriot Vacations Worldwide Corporation by 6.3% during the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after purchasing an additional 87 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Marriot Vacations Worldwide Corporation by 39.0% during the first quarter. UBS Asset Management Americas Inc. now owns 11,562 shares of the company’s stock worth $1,155,000 after purchasing an additional 3,245 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Marriot Vacations Worldwide Corporation during the first quarter worth $484,000. Institutional investors and hedge funds own 75.63% of the company’s stock.

Marriot Vacations Worldwide Corporation (VAC) opened at 127.66 on Thursday. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 22.96 and a beta of 1.13. Marriot Vacations Worldwide Corporation has a 52 week low of $59.33 and a 52 week high of $128.75. The stock’s 50 day moving average price is $116.31 and its 200 day moving average price is $113.03.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The firm had revenue of $497.62 million for the quarter, compared to analyst estimates of $489.85 million. During the same quarter in the prior year, the company earned $1.08 EPS. Marriot Vacations Worldwide Corporation’s revenue was up 17.6% on a year-over-year basis. On average, analysts forecast that Marriot Vacations Worldwide Corporation will post $5.45 earnings per share for the current year.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has authorized a stock buyback program on Thursday, August 3rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s payout ratio is 25.18%.

In related news, VP Brian E. Miller sold 10,500 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the transaction, the vice president now owns 12,058 shares of the company’s stock, valued at approximately $1,381,967.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder J W. Marriott, Jr. sold 5,962 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total value of $680,741.16. Following the transaction, the insider now directly owns 12,144 shares in the company, valued at approximately $1,386,601.92. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on VAC. Zacks Investment Research downgraded Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Thursday, September 21st. Janney Montgomery Scott reiterated a “buy” rating and set a $140.00 target price on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. Finally, BidaskClub upgraded Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $126.86.

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About Marriot Vacations Worldwide Corporation

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

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