Foster & Motley Inc. boosted its position in Wyndham Worldwide Corp (NYSE:WYN) by 23.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,784 shares of the company’s stock after buying an additional 4,754 shares during the period. Foster & Motley Inc.’s holdings in Wyndham Worldwide Corp were worth $2,489,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Cadence Bank NA raised its position in shares of Wyndham Worldwide Corp by 2.2% in the second quarter. Cadence Bank NA now owns 14,221 shares of the company’s stock worth $1,428,000 after buying an additional 302 shares during the period. Daiwa Securities Group Inc. increased its position in Wyndham Worldwide Corp by 93.0% in the second quarter. Daiwa Securities Group Inc. now owns 11,000 shares of the company’s stock worth $1,105,000 after buying an additional 5,300 shares in the last quarter. Weatherly Asset Management L. P. acquired a new position in Wyndham Worldwide Corp during the second quarter worth about $200,000. Bessemer Group Inc. increased its position in Wyndham Worldwide Corp by 38.8% in the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock worth $178,650,000 after buying an additional 497,029 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC increased its position in Wyndham Worldwide Corp by 4.4% in the second quarter. Pillar Pacific Capital Management LLC now owns 26,765 shares of the company’s stock worth $2,687,000 after buying an additional 1,130 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.
Wyndham Worldwide Corp (NYSE WYN) opened at 96.72 on Friday. The stock has a market cap of $9.94 billion, a PE ratio of 17.81 and a beta of 1.34. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $106.50. The company’s 50 day moving average is $101.48 and its 200 day moving average is $93.36.
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, beating the 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that Wyndham Worldwide Corp will post $6.19 EPS 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is 43.04%.
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A number of research firms have recently issued reports on WYN. BidaskClub downgraded shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Telsey Advisory Group downgraded 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 note 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 note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Finally, Wolfe Research downgraded shares of Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Wyndham Worldwide Corp presently has an average rating of “Hold” and an average price target of $99.22.
In related news, Director George Herrera sold 323 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.39% of the company’s stock.
About Wyndham Worldwide Corp
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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