Smith Asset Management Group LP boosted its stake in shares of Wyndham Worldwide Corp (NYSE:WYN) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 275,883 shares of the company’s stock after buying an additional 10,447 shares during the period. Smith Asset Management Group LP’s holdings in Wyndham Worldwide Corp were worth $27,706,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of WYN. IHT Wealth Management LLC boosted its position in shares of Wyndham Worldwide Corp by 15.9% in the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after buying an additional 201 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Wyndham Worldwide Corp by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock valued at $135,000 after buying an additional 752 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Wyndham Worldwide Corp by 125.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after buying an additional 824 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Wyndham Worldwide Corp by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock valued at $167,000 after buying an additional 66 shares during the last quarter. Finally, Smithfield Trust Co. purchased a new position in shares of Wyndham Worldwide Corp during the second quarter valued at approximately $170,000. Institutional investors own 93.43% of the company’s stock.

Shares of Wyndham Worldwide Corp (NYSE WYN) opened at 97.60 on Friday. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $106.50. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 17.97 and a beta of 1.34. The company’s 50 day moving average is $102.42 and its 200 day moving average is $92.57.

Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.03. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that Wyndham Worldwide Corp will post $6.20 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, August 23rd. Wyndham Worldwide Corp’s payout ratio is 43.04%.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/11/smith-asset-management-group-lp-has-27-71-million-stake-in-wyndham-worldwide-corp-nysewyn.html.

Several equities analysts have recently commented on the stock. J P Morgan Chase & Co restated an “overweight” rating and issued a $97.00 target price (up from $94.00) on shares of Wyndham Worldwide Corp in a research report on Monday, April 17th. BidaskClub cut shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Telsey Advisory Group cut shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research report on Friday, August 4th. Stifel Nicolaus restated a “buy” rating and issued a $110.00 target price (up from $108.00) on shares of Wyndham Worldwide Corp in a research report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $99.22.

Wyndham Worldwide Corp Company Profile

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).

Institutional Ownership by Quarter 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.