Wyndham Worldwide Co. (NYSE:WYN) VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $115.00, for a total value of $1,768,815.00. Following the completion of the transaction, the vice president now directly owns 8,917 shares of the company’s stock, valued at $1,025,455. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Wyndham Worldwide Co. (WYN) opened at $112.83 on Thursday. The stock has a market capitalization of $11,599.82, a price-to-earnings ratio of 18.92 and a beta of 1.35. Wyndham Worldwide Co. has a 52 week low of $75.36 and a 52 week high of $115.22. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.01. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.67 billion. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. equities analysts expect that Wyndham Worldwide Co. will post 6.04 EPS for the current fiscal year.
Wyndham Worldwide announced that its board has initiated a stock buyback plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
A number of large investors have recently bought and sold shares of WYN. San Francisco Sentry Investment Group CA bought a new stake in Wyndham Worldwide during the second quarter worth about $158,000. Bronfman E.L. Rothschild L.P. lifted its stake in Wyndham Worldwide by 26.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after purchasing an additional 338 shares during the last quarter. Jane Street Group LLC bought a new stake in Wyndham Worldwide during the third quarter worth about $209,000. Pacer Advisors Inc. lifted its stake in Wyndham Worldwide by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock worth $217,000 after purchasing an additional 171 shares during the last quarter. Finally, BB&T Securities LLC lifted its stake in Wyndham Worldwide by 2.3% during the second quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after purchasing an additional 56 shares during the last quarter. 93.92% of the stock is owned by institutional investors.
Separately, Zacks Investment Research lowered Wyndham Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.29.
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About Wyndham Worldwide
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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