Keybank National Association OH raised its stake in shares of Wyndham Worldwide Corp (NYSE:WYN) by 51.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,920 shares of the company’s stock after purchasing an additional 1,326 shares during the quarter. Keybank National Association OH’s holdings in Wyndham Worldwide Corp were worth $394,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Wyndham Worldwide Corp by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,399,038 shares of the company’s stock worth $876,534,000 after purchasing an additional 382,077 shares during the period. BlackRock Inc. increased its holdings in shares of Wyndham Worldwide Corp by 2,799.1% during the 1st quarter. BlackRock Inc. now owns 6,503,033 shares of the company’s stock worth $548,141,000 after purchasing an additional 6,278,724 shares during the period. FMR LLC increased its holdings in shares of Wyndham Worldwide Corp by 25.1% during the 1st quarter. FMR LLC now owns 5,031,984 shares of the company’s stock worth $424,146,000 after purchasing an additional 1,009,242 shares during the period. Bessemer Group Inc. increased its holdings in shares of Wyndham Worldwide Corp by 38.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock worth $178,650,000 after purchasing an additional 497,029 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Wyndham Worldwide Corp by 150.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,176,733 shares of the company’s stock worth $99,187,000 after purchasing an additional 707,223 shares during the period. Institutional investors own 94.84% of the company’s stock.
Several 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 report 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 price objective on the stock. in a report on Friday, August 4th. Stifel Nicolaus restated a “buy” rating and set a $110.00 price objective (up previously from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Wednesday, June 28th. Finally, Buckingham Research began coverage on shares of Wyndham Worldwide Corp in a report on Monday, June 19th. They set a “buy” rating and a $114.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $99.22.
In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of Wyndham Worldwide Corp 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.39% of the stock is owned by insiders.
Shares of Wyndham Worldwide Corp (WYN) opened at 100.84 on Wednesday. The company has a 50-day moving average of $99.87 and a 200-day moving average of $95.25. Wyndham Worldwide Corp has a 1-year low of $62.60 and a 1-year high of $106.50. The company has a market cap of $10.36 billion, a PE ratio of 18.57 and a beta of 1.35.
Wyndham Worldwide Corp (NYSE:WYN) last posted its earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.03. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. Wyndham Worldwide Corp’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 EPS. Equities analysts forecast that Wyndham Worldwide Corp will post $6.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.30%. The ex-dividend date was Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is 43.04%.
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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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