Putnam FL Investment Management Co. Purchases New Stake in Wyndham Worldwide Corp (WYN)
Putnam FL Investment Management Co. purchased a new stake in Wyndham Worldwide Corp (NYSE:WYN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,792 shares of the company’s stock, valued at approximately $1,770,000.
Several other large investors have also recently added to or reduced their stakes in WYN. Creative Planning raised its position in shares of Wyndham Worldwide Corp by 0.7% in the second quarter. Creative Planning now owns 6,182 shares of the company’s stock valued at $621,000 after purchasing an additional 42 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Wyndham Worldwide Corp by 501.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 17,085 shares of the company’s stock valued at $1,716,000 after purchasing an additional 14,243 shares during the period. Aperio Group LLC raised its position in shares of Wyndham Worldwide Corp by 18.9% in the second quarter. Aperio Group LLC now owns 65,640 shares of the company’s stock valued at $6,591,000 after purchasing an additional 10,444 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in shares of Wyndham Worldwide Corp in the second quarter valued at approximately $1,213,000. Finally, Dubuque Bank & Trust Co. raised 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 purchasing an additional 824 shares during the period. 95.75% of the stock is currently owned by institutional investors.
WYN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating and set a $124.00 price target on the stock in a research report on Thursday, October 12th. BidaskClub lowered shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Telsey Advisory Group lowered shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target on the stock. in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $108.29.
In related news, Director George Herrera sold 311 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.39% of the company’s stock.
Shares of Wyndham Worldwide Corp (NYSE:WYN) traded up $1.75 during mid-day trading on Friday, reaching $108.23. 967,100 shares of the company were exchanged, compared to its average volume of 1,130,881. Wyndham Worldwide Corp has a fifty-two week low of $71.25 and a fifty-two week high of $110.74. The company has a market capitalization of $10,970.00, a price-to-earnings ratio of 17.61 and a beta of 1.35. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81.
Wyndham Worldwide Corp (NYSE:WYN) last announced its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide Corp had a net margin of 10.20% and a return on equity of 97.31%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Wyndham Worldwide Corp’s revenue was up 3.6% compared to the same quarter last year. equities analysts anticipate that Wyndham Worldwide Corp will post 6.04 EPS for the current fiscal year.
Wyndham Worldwide Corp announced that its board has authorized a share buyback program on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors 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 2.14%. The ex-dividend date is Friday, November 24th. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is currently 41.65%.
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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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