Guggenheim Capital LLC lifted its position in Wyndham Worldwide Co. (NYSE:WYN) by 52.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 542,037 shares of the company’s stock after buying an additional 185,409 shares during the quarter. Guggenheim Capital LLC’s holdings in Wyndham Worldwide were worth $62,804,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Calton & Associates Inc. bought a new position in Wyndham Worldwide during the fourth quarter worth $103,000. Gradient Investments LLC bought a new position in Wyndham Worldwide during the fourth quarter worth $163,000. Tower Research Capital LLC TRC boosted its position in Wyndham Worldwide by 790.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock worth $187,000 after purchasing an additional 1,431 shares during the period. Reliance Trust Co. of Delaware bought a new position in Wyndham Worldwide during the fourth quarter worth $205,000. Finally, Jane Street Group LLC bought a new position in Wyndham Worldwide during the third quarter worth $209,000. 92.98% of the stock is owned by institutional investors and hedge funds.
In other news, Director Myra J. Biblowit sold 2,500 shares of Wyndham Worldwide stock in a transaction on Friday, March 9th. The stock was sold at an average price of $121.00, for a total transaction of $302,500.00. Following the completion of the sale, the director now owns 7,924 shares of the company’s stock, valued at $958,804. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide 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 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. Insiders have sold 34,891 shares of company stock valued at $4,042,356 in the last three months. Insiders own 2.39% of the company’s stock.
Wyndham Worldwide (NYSE:WYN) last posted its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $1.35 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. research analysts forecast that Wyndham Worldwide Co. will post 7.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.23%. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 60.10%.
A number of equities analysts have commented on WYN shares. Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. Goldman Sachs Group raised shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus lifted their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Macquarie started coverage on shares of Wyndham Worldwide in a research report on Friday, January 5th. They set an “underperform” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $123.44.
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Wyndham Worldwide 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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