Rothschild & Co. Asset Management US Inc. trimmed its holdings in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 2.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 243,200 shares of the company’s stock after selling 4,896 shares during the period. Rothschild & Co. Asset Management US Inc. owned approximately 0.92% of Marriott Vacations Worldwide worth $27,178,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Marriott Vacations Worldwide during the second quarter valued at $108,000. Macquarie Group Ltd. increased its holdings in shares of Marriott Vacations Worldwide by 266.7% during the second quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the period. Moneta Group Investment Advisors LLC acquired a new position in Marriott Vacations Worldwide during the second quarter worth about $132,000. Cerebellum GP LLC acquired a new position in Marriott Vacations Worldwide during the third quarter worth about $151,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in Marriott Vacations Worldwide during the second quarter worth about $211,000.
Shares of Marriott Vacations Worldwide stock opened at $76.04 on Monday. The stock has a market cap of $3.58 billion, a PE ratio of 13.16, a PEG ratio of 1.31 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.83 and a quick ratio of 3.00. Marriott Vacations Worldwide Corp has a 52-week low of $72.10 and a 52-week high of $154.14.
In other news, CEO Stephen P. Weisz purchased 2,355 shares of Marriott Vacations Worldwide stock in a transaction dated Friday, November 9th. The stock was acquired at an average cost of $81.22 per share, for a total transaction of $191,273.10. Following the acquisition, the chief executive officer now directly owns 186,352 shares in the company, valued at $15,135,509.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John E. Geller, Jr. acquired 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $76.73 per share, for a total transaction of $460,380.00. Following the completion of the purchase, the vice president now directly owns 79,165 shares in the company, valued at approximately $6,074,330.45. The disclosure for this purchase can be found here. 3.50% of the stock is owned by insiders.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Wednesday, October 31st. Macquarie lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a report on Thursday, November 15th. ValuEngine raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Finally, Nomura set a $158.00 target price on Marriott Vacations Worldwide and gave the stock a “buy” rating in a report on Thursday, August 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $137.20.
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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, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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