Legal & General Group Plc Takes $19.17 Million Position in Wyndham Destinations (WYND)
Legal & General Group Plc purchased a new stake in shares of Wyndham Destinations (NASDAQ:WYND) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 432,946 shares of the company’s stock, valued at approximately $19,166,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of WYND. CENTRAL TRUST Co bought a new position in shares of Wyndham Destinations during the second quarter valued at about $110,000. Huntington National Bank bought a new position in shares of Wyndham Destinations during the second quarter valued at about $128,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Wyndham Destinations during the second quarter valued at about $146,000. Duncker Streett & Co. Inc. bought a new position in shares of Wyndham Destinations during the second quarter valued at about $152,000. Finally, James Investment Research Inc. bought a new position in shares of Wyndham Destinations during the second quarter valued at about $157,000.
In other Wyndham Destinations news, Director George Herrera sold 747 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $44.61, for a total transaction of $33,323.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Dean Brown bought 6,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were acquired at an average cost of $45.20 per share, with a total value of $271,200.00. The disclosure for this purchase can be found here.
WYND stock opened at $40.71 on Thursday. Wyndham Destinations has a 1 year low of $40.00 and a 1 year high of $57.67.
Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings results on Wednesday, August 8th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company earned $1.53 earnings per share. Wyndham Destinations’s quarterly revenue was up 3.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, September 13th.
Wyndham Destinations Profile
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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