BNP Paribas Arbitrage SA Has $984,000 Position in Marriot Vacations Worldwide Corporation (VAC)

BNP Paribas Arbitrage SA boosted its position in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 61.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,356 shares of the company’s stock after purchasing an additional 3,174 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Marriot Vacations Worldwide Corporation were worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VAC. Creative Planning lifted its stake in Marriot Vacations Worldwide Corporation by 12.4% in the 1st quarter. Creative Planning now owns 1,267 shares of the company’s stock worth $127,000 after purchasing an additional 140 shares in the last quarter. US Bancorp DE lifted its stake in Marriot Vacations Worldwide Corporation by 6.3% in the 1st quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after purchasing an additional 87 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Marriot Vacations Worldwide Corporation in the 1st quarter worth approximately $193,000. AXA purchased a new stake in Marriot Vacations Worldwide Corporation in the 1st quarter worth approximately $210,000. Finally, Strs Ohio lifted its stake in Marriot Vacations Worldwide Corporation by 100.0% in the 2nd quarter. Strs Ohio now owns 1,800 shares of the company’s stock worth $211,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 75.63% of the company’s stock.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 115.09 on Friday. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.25. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 20.70 and a beta of 1.15. The company’s 50-day moving average is $113.48 and its 200 day moving average is $110.18.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.34. The business had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, equities research analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.56 earnings per share for the current year.

Marriot Vacations Worldwide Corporation announced that its board has approved a share repurchase plan 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. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s payout ratio is 25.18%.

Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Janney Montgomery Scott reaffirmed a “buy” rating and set a $140.00 target price on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. BidaskClub raised shares of Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Deutsche Bank AG reissued a “hold” rating and issued a $112.00 price target (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $125.43.

WARNING: This report was first reported by BBNS and is the property of of BBNS. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://baseballnewssource.com/markets/bnp-paribas-arbitrage-sa-boosts-position-in-marriot-vacations-worldwide-corporation-vac/1600414.html.

In other Marriot Vacations Worldwide Corporation news, VP John E. Geller, Jr. sold 7,366 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $119.70, for a total value of $881,710.20. Following the sale, the vice president now owns 82,206 shares of the company’s stock, valued at $9,840,058.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laurie A. Sullivan sold 1,407 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $121.04, for a total value of $170,303.28. Following the completion of the sale, the insider now directly owns 100 shares in the company, valued at approximately $12,104. The disclosure for this sale can be found here. Insiders sold 54,323 shares of company stock valued at $6,399,563 in the last quarter. 3.30% of the stock is currently owned by company insiders.

Marriot Vacations Worldwide Corporation 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.

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

Receive News & Ratings for Marriot Vacations Worldwide Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriot Vacations Worldwide Corporation and related companies with our FREE daily email newsletter.

 


Latest News

New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw


Leave a Reply

 
© 2006-2017 BBNS.