Smithfield Trust Co. purchased a new stake in Wyndham Worldwide Corp (NYSE:WYN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,690 shares of the company’s stock, valued at approximately $170,000.
Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Wyndham Worldwide Corp during the fourth quarter valued at $2,062,000. Quadrature Capital Ltd acquired a new position in shares of Wyndham Worldwide Corp during the fourth quarter valued at $379,000. Teachers Advisors LLC increased its position in shares of Wyndham Worldwide Corp by 11.4% in the fourth quarter. Teachers Advisors LLC now owns 240,716 shares of the company’s stock valued at $18,383,000 after buying an additional 24,582 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Wyndham Worldwide Corp by 0.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 90,738 shares of the company’s stock valued at $7,649,000 after buying an additional 522 shares during the period. Finally, Raymond James Trust N.A. acquired a new position in shares of Wyndham Worldwide Corp during the first quarter valued at $250,000. Institutional investors own 92.68% of the company’s stock.
Shares of Wyndham Worldwide Corp (NYSE WYN) traded up 0.59% during mid-day trading on Friday, hitting $96.72. The company had a trading volume of 1,605,259 shares. Wyndham Worldwide Corp has a 12 month low of $62.60 and a 12 month high of $106.50. The company has a market cap of $9.94 billion, a PE ratio of 17.81 and a beta of 1.34. The firm has a 50-day moving average of $101.48 and a 200-day moving average of $93.36.
Wyndham Worldwide Corp (NYSE:WYN) last released its earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.03. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect that Wyndham Worldwide Corp will post $6.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.58 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.40%. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is 43.04%.
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WYN has been the topic of a number of analyst reports. MKM Partners reaffirmed a “buy” rating and set a $111.00 price objective (up previously from $95.00) on shares of Wyndham Worldwide Corp in a research note on Wednesday, April 26th. Wolfe Research cut shares of Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Stifel Nicolaus dropped their price objective on shares of Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, May 1st. Finally, Buckingham Research started coverage on shares of Wyndham Worldwide Corp in a research note on Monday, June 19th. They set a “buy” rating and a $114.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $99.22.
In other news, Director George Herrera sold 323 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was 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 SEC, which is available through the SEC website. Company 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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