Daiwa Securities Group Inc. Has $1.11 Million Stake in Wyndham Worldwide Corp (NYSE:WYN)
Daiwa Securities Group Inc. increased its stake in Wyndham Worldwide Corp (NYSE:WYN) by 93.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the company’s stock after buying an additional 5,300 shares during the period. Daiwa Securities Group Inc.’s holdings in Wyndham Worldwide Corp were worth $1,105,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WYN. James Investment Research Inc. increased its position in Wyndham Worldwide Corp by 154.0% in the first quarter. James Investment Research Inc. now owns 2,680 shares of the company’s stock valued at $226,000 after buying an additional 1,625 shares in the last quarter. Karp Capital Management Corp bought a new position in Wyndham Worldwide Corp during the first quarter valued at approximately $4,652,000. Brant Point Investment Management LLC bought a new position in Wyndham Worldwide Corp during the first quarter valued at approximately $3,346,000. State of Tennessee Treasury Department increased its position in Wyndham Worldwide Corp by 58.0% in the first quarter. State of Tennessee Treasury Department now owns 87,036 shares of the company’s stock valued at $7,336,000 after buying an additional 31,953 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its position in Wyndham Worldwide Corp by 2.6% in the first quarter. Virginia Retirement Systems ET AL now owns 195,300 shares of the company’s stock valued at $16,462,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.
Wyndham Worldwide Corp (NYSE:WYN) opened at 97.60 on Friday. The company’s 50-day moving average price is $102.42 and its 200-day moving average price is $92.57. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $106.50. The stock has a market cap of $10.03 billion, a P/E ratio of 17.97 and a beta of 1.34.
Wyndham Worldwide Corp (NYSE:WYN) last issued its earnings results on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.03. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. Analysts forecast that Wyndham Worldwide Corp will post $6.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is presently 43.04%.
WYN has been the topic of several analyst reports. Wolfe Research downgraded Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a report on Thursday, April 27th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $97.00 price objective (up previously from $94.00) on shares of Wyndham Worldwide Corp in a report on Monday, April 17th. BidaskClub downgraded Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $110.00 price objective (up previously from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.22.
About Wyndham Worldwide Corp
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
Want to see what other hedge funds are holding WYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Worldwide Corp (NYSE:WYN).
Receive News & Ratings for Wyndham Worldwide Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Worldwide Corp and related companies with MarketBeat.com's FREE daily email newsletter.