Marriot #Vacations Worldwide #Corporation (VAC) #Shares Sold by #Great West Life Assurance Co. Can

Great West Life Assurance Co. Can reduced its stake in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,631 shares of the company’s stock after selling 2,965 shares during the period. Great West Life Assurance Co. Can owned approximately 0.12% of Marriot Vacations Worldwide worth $4,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Marriot Vacations Worldwide by 7.0% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after purchasing an additional 77 shares during the period. Turner Investments LLC purchased a new stake in Marriot Vacations Worldwide during the second quarter worth about $177,000. Quantbot Technologies LP purchased a new stake in Marriot Vacations Worldwide during the second quarter worth about $196,000. M&T Bank Corp purchased a new stake in Marriot Vacations Worldwide during the second quarter worth about $204,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Marriot Vacations Worldwide by 87.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,896 shares of the company’s stock worth $210,000 after purchasing an additional 887 shares during the period. Hedge funds and other institutional investors own 74.04% of the company’s stock.

Shares of Marriot Vacations Worldwide Corporation (NYSE VAC) traded up $0.65 during trading on Friday, hitting $135.07. The stock had a trading volume of 106,036 shares, compared to its average volume of 167,840. Marriot Vacations Worldwide Corporation has a 1-year low of $79.79 and a 1-year high of $143.53. The firm has a market capitalization of $3,578.68, a P/E ratio of 22.29 and a beta of 1.19. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.65 and a current ratio of 6.64.

Marriot Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.27. Marriot Vacations Worldwide had a return on equity of 17.91% and a net margin of 8.28%. The business had revenue of $486.99 million during the quarter, compared to the consensus estimate of $470.05 million. During the same period in the previous year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. analysts forecast that Marriot Vacations Worldwide Corporation will post 5.38 EPS for the current year.

A number of analysts have issued reports on VAC shares. Janney Montgomery Scott reiterated a “buy” rating and set a $140.00 price target on shares of Marriot Vacations Worldwide in a research note on Tuesday, August 29th. Zacks Investment Research lowered shares of Marriot Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. Nomura boosted their price target on shares of Marriot Vacations Worldwide from $151.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Marriot Vacations Worldwide in a research note on Thursday, September 21st. Finally, ValuEngine lowered shares of Marriot Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $133.22.

In other news, COO R. Lee Cunningham sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $135.02, for a total transaction of $1,215,180.00. Following the completion of the transaction, the chief operating officer now directly owns 19,356 shares of the company’s stock, valued at $2,613,447.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michael E. Yonker sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $134.43, for a total value of $336,075.00. Following the transaction, the vice president now directly owns 3,128 shares of the company’s stock, valued at $420,497.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,312 shares of company stock valued at $1,925,645. Corporate insiders own 3.30% of the company’s stock.

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