Leith Wheeler Investment Counsel Ltd. boosted its stake in Wyndham Worldwide Co. (NYSE:WYN) by 5.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 23,020 shares of the company’s stock after buying an additional 1,180 shares during the period. Wyndham Worldwide comprises approximately 4.7% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 7th biggest position. Leith Wheeler Investment Counsel Ltd.’s holdings in Wyndham Worldwide were worth $2,667,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in Wyndham Worldwide by 88.5% in the 2nd quarter. FMR LLC now owns 9,483,756 shares of the company’s stock valued at $952,263,000 after purchasing an additional 4,451,772 shares during the period. Elliott Management Corp bought a new stake in Wyndham Worldwide in the 2nd quarter valued at about $80,329,000. JPMorgan Chase & Co. boosted its holdings in Wyndham Worldwide by 52.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock valued at $213,136,000 after purchasing an additional 695,118 shares during the period. Iridian Asset Management LLC CT boosted its holdings in Wyndham Worldwide by 40.6% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,188,588 shares of the company’s stock valued at $230,699,000 after purchasing an additional 631,648 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Wyndham Worldwide by 479.7% in the 3rd quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock valued at $76,556,000 after purchasing an additional 600,980 shares during the period. Institutional investors and hedge funds own 94.09% of the company’s stock.
WYN has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a report on Thursday, December 21st. Stifel Nicolaus boosted their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a report on Friday. They noted that the move was a valuation call. Macquarie initiated coverage on shares of Wyndham Worldwide in a report on Friday. They issued an “underperform” rating for the company. Finally, ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $110.14.
Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. equities analysts predict that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, November 24th. Wyndham Worldwide’s dividend payout ratio (DPR) is presently 41.65%.
Wyndham Worldwide declared that its Board of Directors has approved a stock buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
In other news, Director George Herrera sold 311 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott G. Mclester sold 15,381 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the sale, the vice president now directly owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The disclosure for this sale can be found here. Corporate insiders own 2.39% of the company’s stock.
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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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