Wyndham Worldwide Corp (WYN) Holdings Boosted by Andra AP fonden
Andra AP fonden raised its holdings in Wyndham Worldwide Corp (NYSE:WYN) by 20.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,800 shares of the company’s stock after purchasing an additional 7,200 shares during the period. Andra AP fonden’s holdings in Wyndham Worldwide Corp were worth $4,406,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning increased its holdings in shares of Wyndham Worldwide Corp by 0.7% in the 2nd quarter. Creative Planning now owns 6,182 shares of the company’s stock valued at $621,000 after acquiring an additional 42 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Wyndham Worldwide Corp by 1.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 3,284 shares of the company’s stock valued at $330,000 after acquiring an additional 43 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Wyndham Worldwide Corp by 1.2% in the 2nd quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock valued at $476,000 after acquiring an additional 54 shares during the last quarter. BB&T Securities LLC increased its holdings in shares of Wyndham Worldwide Corp by 2.3% in the 2nd quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock valued at $250,000 after acquiring an additional 56 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Wyndham Worldwide Corp by 0.5% in the 2nd quarter. Empirical Finance LLC now owns 12,758 shares of the company’s stock valued at $1,282,000 after acquiring an additional 63 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.
In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $97.60, for a total transaction of $31,524.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.39% of the company’s stock.
A number of brokerages have recently weighed in on WYN. Zacks Investment Research downgraded Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a report on Monday, October 30th. BidaskClub downgraded Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Telsey Advisory Group downgraded Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $108.29.
Wyndham Worldwide Corp (WYN) opened at $108.68 on Wednesday. The company has a market capitalization of $11,048.61, a price-to-earnings ratio of 18.02 and a beta of 1.35. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96. Wyndham Worldwide Corp has a 52 week low of $65.27 and a 52 week high of $110.74.
Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. Wyndham Worldwide Corp had a return on equity of 97.31% and a net margin of 10.20%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. analysts anticipate that Wyndham Worldwide Corp will post 6.04 earnings per share for the current year.
Wyndham Worldwide Corp declared that its Board of Directors has initiated a share buyback program on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.13%. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is presently 41.58%.
Wyndham Worldwide Corp 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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