Pacer Advisors Inc. Has $217,000 Holdings in Wyndham Worldwide Corp (WYN)
Pacer Advisors Inc. raised its stake in shares of Wyndham Worldwide Corp (NYSE:WYN) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,158 shares of the company’s stock after acquiring an additional 171 shares during the period. Pacer Advisors Inc.’s holdings in Wyndham Worldwide Corp were worth $217,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Wyndham Worldwide Corp by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,399,038 shares of the company’s stock valued at $876,534,000 after acquiring an additional 382,077 shares during the last quarter. BlackRock Inc. raised its stake in Wyndham Worldwide Corp by 2,799.1% during the 1st quarter. BlackRock Inc. now owns 6,503,033 shares of the company’s stock valued at $548,141,000 after acquiring an additional 6,278,724 shares during the last quarter. FMR LLC raised its stake in Wyndham Worldwide Corp by 25.1% during the 1st quarter. FMR LLC now owns 5,031,984 shares of the company’s stock valued at $424,146,000 after acquiring an additional 1,009,242 shares during the last quarter. Bessemer Group Inc. raised its stake in Wyndham Worldwide Corp by 38.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock valued at $178,650,000 after acquiring an additional 497,029 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Wyndham Worldwide Corp by 150.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,176,733 shares of the company’s stock valued at $99,187,000 after acquiring an additional 707,223 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.
Wyndham Worldwide Corp (NYSE WYN) opened at 101.44 on Friday. Wyndham Worldwide Corp has a 52-week low of $62.60 and a 52-week high of $106.50. The firm has a market cap of $10.43 billion, a PE ratio of 18.68 and a beta of 1.35. The firm’s 50-day moving average price is $99.65 and its 200 day moving average price is $95.60.
Wyndham Worldwide Corp (NYSE:WYN) last issued its earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $1.47 billion. During the same quarter last year, the company posted $1.40 earnings per share. Wyndham Worldwide Corp’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Wyndham Worldwide Corp will post $6.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.32 dividend on an annualized basis and a yield of 2.29%. Wyndham Worldwide Corp’s dividend payout ratio is currently 43.04%.
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In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $97.60, for a total value of $31,524.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.39% of the company’s stock.
Several research firms have commented on WYN. BidaskClub downgraded Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Telsey Advisory Group downgraded Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a research note on Friday, August 4th. Zacks Investment Research downgraded Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $110.00 price objective (up from $108.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, June 22nd. Finally, Buckingham Research began coverage on Wyndham Worldwide Corp in a research note on Monday, June 19th. They set a “buy” rating and a $114.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock 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.
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