First National Bank of Mount Dora Trust Investment Services cut its holdings in shares of Wyndham Worldwide Corp (NYSE:WYN) by 7.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,281 shares of the company’s stock after selling 2,255 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Wyndham Worldwide Corp were worth $3,087,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WYN. IHT Wealth Management LLC raised its holdings in shares of Wyndham Worldwide Corp by 15.9% in the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock worth $123,000 after buying an additional 201 shares during the last quarter. Dubuque Bank & Trust Co. raised its holdings in shares of Wyndham Worldwide Corp by 125.0% during the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock worth $149,000 after purchasing an additional 824 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Wyndham Worldwide Corp during the second quarter worth $158,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Wyndham Worldwide Corp 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. Finally, Smithfield Trust Co. purchased a new position in shares of Wyndham Worldwide Corp during the second quarter worth $170,000. Institutional investors own 94.13% of the company’s stock.
In other news, Director George Herrera sold 323 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $97.60, for a total transaction of $31,524.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.39% of the company’s stock.
Shares of Wyndham Worldwide Corp (WYN) traded down 0.23% during midday trading on Friday, reaching $106.22. 501,755 shares of the company traded hands. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 19.56 and a beta of 1.36. Wyndham Worldwide Corp has a 12 month low of $62.60 and a 12 month high of $110.74. The company’s 50 day moving average is $105.10 and its 200-day moving average is $100.31.
Wyndham Worldwide Corp (NYSE:WYN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the business earned $1.89 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Wyndham Worldwide Corp will post $6.18 earnings per share for the current fiscal year.
Wyndham Worldwide Corp declared that its board has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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A number of research firms have weighed in on WYN. BidaskClub cut shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Telsey Advisory Group lowered shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Wyndham Worldwide Corp has an average rating of “Hold” and a consensus target price of $103.38.
Wyndham Worldwide Corp 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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