Guess Who Picked Up Marriott Vacations Worldwide Corp (NYSE:VAC) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Marriott Vacations Worldwide Corp (NYSE:VAC) reported that Marriott J W Jr has picked up 2,710,149 of common stock as of 2017-03-07.

The acquisition brings the aggregate amount owned by Marriott J W Jr to a total of 2,710,149 representing a 10.0% stake in the company.

For those not familiar with the company, Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand. The Company develops, markets and sells whole ownership residential products under The Ritz-Carlton Residences brand. The Company operates through three segments: North America, Europe and Asia Pacific. The Company’s portfolio consists of approximately 60 properties in the United States and over eight other countries and territories. The Company’s brands include The Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club and The Ritz-Carlton Residences. The Company also offers purchase money financing for purchasers of its vacation ownership products.

A glance at Marriott Vacations Worldwide Corp (NYSE:VAC)’s key stats reveals a current market capitalization of 2.48 billion based on 27.10 Million shares outstanding and a price at last close of $91.96 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-10-19, Hass picked up at 4,000 a purchase price of $62.43. This brings their total holding to 4,000 as of the date of the filing.

On the sell side, the most recent transaction saw Smith unload 1,500 shares at a sale price of $96.53. This brings their total holding to 10,870.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Marriott Vacations Worldwide Corp (NYSE:VAC) as things move forward to see if its progress aligns with these transactions.

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