Scotia Capital Inc. decreased its stake in shares of Wyndham Worldwide Corp (NYSE:WYN) by 27.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,114 shares of the company’s stock after selling 1,172 shares during the quarter. Scotia Capital Inc.’s holdings in Wyndham Worldwide Corp were worth $313,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Wyndham Worldwide Corp by 0.5% in the second quarter. Vanguard Group Inc. now owns 10,449,345 shares of the company’s stock worth $1,049,218,000 after acquiring an additional 50,307 shares during the period. FMR LLC grew its position in Wyndham Worldwide Corp by 88.5% during the second quarter. FMR LLC now owns 9,483,756 shares of the company’s stock valued at $952,263,000 after buying an additional 4,451,772 shares during the period. BlackRock Inc. grew its position in Wyndham Worldwide Corp by 1.3% during the second quarter. BlackRock Inc. now owns 6,586,534 shares of the company’s stock valued at $661,354,000 after buying an additional 83,501 shares during the period. LSV Asset Management grew its position in Wyndham Worldwide Corp by 1.7% during the second quarter. LSV Asset Management now owns 3,201,503 shares of the company’s stock valued at $321,462,000 after buying an additional 54,923 shares during the period. Finally, Bessemer Group Inc. grew its position in Wyndham Worldwide Corp by 38.8% during the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock valued at $178,650,000 after buying an additional 497,029 shares during the period. Institutional investors and hedge funds own 94.13% of the company’s stock.
In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of the company’s stock in a transaction on Friday, August 11th. The stock was 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 SEC, which is available through the SEC website. Corporate insiders own 2.39% of the company’s stock.
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Shares of Wyndham Worldwide Corp (WYN) traded up 0.1238% during midday trading on Friday, hitting $106.6018. 42,520 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $105.10 and its 200 day moving average price is $100.31. The firm has a market cap of $10.96 billion, a PE ratio of 19.6320 and a beta of 1.36. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $110.74.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Wyndham Worldwide Corp had a return on equity of 96.25% and a net margin of 10.20%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business posted $1.89 earnings per share. Wyndham Worldwide Corp’s quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that Wyndham Worldwide Corp will post $6.18 EPS for the current year.
Wyndham Worldwide Corp declared that its board has approved a share repurchase program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
WYN has been the topic of several analyst reports. BidaskClub lowered shares of Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating and set a $124.00 price objective on the stock in a report on Thursday, October 12th. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $103.38.
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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