Crossmark Global Holdings Inc. acquired a new stake in Wyndham Worldwide Corp (NYSE:WYN) during the third quarter, according to its most recent filing with the SEC. The firm acquired 9,037 shares of the company’s stock, valued at approximately $953,000.
A number of other large investors have also recently bought and sold shares of the stock. First Business Financial Services Inc. grew its position in Wyndham Worldwide Corp by 15.6% in the 3rd quarter. First Business Financial Services Inc. now owns 5,345 shares of the company’s stock valued at $563,000 after buying an additional 720 shares during the last quarter. North Star Asset Management Inc. grew its position in Wyndham Worldwide Corp by 2.6% in the 3rd quarter. North Star Asset Management Inc. now owns 172,862 shares of the company’s stock valued at $14,570,000 after buying an additional 4,332 shares during the last quarter. Aperio Group LLC grew its position in Wyndham Worldwide Corp by 10.2% in the 3rd quarter. Aperio Group LLC now owns 72,356 shares of the company’s stock valued at $7,627,000 after buying an additional 6,716 shares during the last quarter. TIAA FSB grew its position in Wyndham Worldwide Corp by 2.5% in the 3rd quarter. TIAA FSB now owns 37,503 shares of the company’s stock valued at $3,953,000 after buying an additional 919 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Wyndham Worldwide Corp in the 3rd quarter valued at $907,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.
A number of research firms recently weighed in on WYN. Zacks Investment Research lowered shares of Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Telsey Advisory Group lowered 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 research report on Friday, August 4th. Finally, BidaskClub lowered shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Wyndham Worldwide Corp has a consensus rating of “Hold” and an average target price of $108.29.
In other Wyndham Worldwide Corp news, Director George Herrera sold 311 shares of the business’s stock in a transaction 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 document filed with the SEC, which can be accessed through this hyperlink. 2.39% of the stock is currently owned by insiders.
Shares of Wyndham Worldwide Corp (WYN) opened at $106.07 on Friday. The company has a market cap of $10,747.65, a price-to-earnings ratio of 17.53 and a beta of 1.35. Wyndham Worldwide Corp has a 1 year low of $68.61 and a 1 year high of $110.74. 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 Corp (NYSE:WYN) last issued its earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. Wyndham Worldwide Corp had a net margin of 10.20% and a return on equity of 97.31%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. sell-side analysts predict that Wyndham Worldwide Corp will post 6.04 earnings per share for the current fiscal year.
Wyndham Worldwide Corp announced that its board has approved a stock 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, November 24th. This represents a $2.32 annualized dividend and a dividend yield of 2.19%. Wyndham Worldwide Corp’s payout ratio is currently 41.58%.
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Wyndham Worldwide Corp Company 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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