Geode Capital Management LLC Has $31.31 Million Stake in Marriott Vacations Worldwide Corp (NYSE:VAC)

Geode Capital Management LLC boosted its stake in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,039 shares of the company’s stock after purchasing an additional 42,628 shares during the period. Geode Capital Management LLC owned approximately 0.94% of Marriott Vacations Worldwide worth $31,308,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in Marriott Vacations Worldwide by 0.8% during the 4th quarter. BlackRock Inc. now owns 4,715,828 shares of the company’s stock worth $332,514,000 after acquiring an additional 39,735 shares in the last quarter. Vanguard Group Inc. grew its holdings in Marriott Vacations Worldwide by 63.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,428,227 shares of the company’s stock worth $383,104,000 after acquiring an additional 1,327,758 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Marriott Vacations Worldwide by 63.2% in the 3rd quarter. Vanguard Group Inc now owns 3,428,227 shares of the company’s stock valued at $383,104,000 after buying an additional 1,327,758 shares during the period. Bamco Inc. NY boosted its holdings in shares of Marriott Vacations Worldwide by 14.5% in the 3rd quarter. Bamco Inc. NY now owns 3,091,578 shares of the company’s stock valued at $345,484,000 after buying an additional 392,033 shares during the period. Finally, FMR LLC boosted its holdings in shares of Marriott Vacations Worldwide by 9.9% in the 3rd quarter. FMR LLC now owns 1,450,041 shares of the company’s stock valued at $162,041,000 after buying an additional 130,811 shares during the period. 84.40% of the stock is currently owned by institutional investors and hedge funds.

VAC has been the subject of several research reports. ValuEngine raised shares of Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a report on Thursday, January 24th. Zacks Investment Research lowered shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Nomura reduced their target price on shares of Marriott Vacations Worldwide from $158.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 28th. SunTrust Banks boosted their target price on shares of Marriott Vacations Worldwide to $149.00 and gave the company a “positive” rating in a research note on Friday, March 1st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $120.00 target price on shares of Marriott Vacations Worldwide in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $128.83.

Shares of VAC stock traded down $0.36 during midday trading on Friday, reaching $104.57. 233,205 shares of the company were exchanged, compared to its average volume of 311,966. Marriott Vacations Worldwide Corp has a 12 month low of $60.67 and a 12 month high of $138.00. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.62. The company has a current ratio of 3.49, a quick ratio of 2.71 and a debt-to-equity ratio of 1.10.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Thursday, February 28th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. Marriott Vacations Worldwide had a net margin of 1.85% and a return on equity of 8.45%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, equities research analysts predict that Marriott Vacations Worldwide Corp will post 7.78 earnings per share for the current year.

In related news, SVP Laurie A. Sullivan sold 2,857 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $95.87, for a total value of $273,900.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.

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Marriott Vacations Worldwide Company 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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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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