Brown Advisory Inc. boosted its position in shares of Wyndham Worldwide Co. (NYSE:WYN) by 19.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,906 shares of the company’s stock after purchasing an additional 1,622 shares during the quarter. Brown Advisory Inc.’s holdings in Wyndham Worldwide were worth $1,044,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC boosted its position in Wyndham Worldwide by 1.2% during the second quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock worth $476,000 after purchasing an additional 54 shares in the last quarter. BB&T Securities LLC raised its holdings in shares of Wyndham Worldwide by 2.3% in the second quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after acquiring an additional 56 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of Wyndham Worldwide by 0.5% in the second quarter. Empirical Finance LLC now owns 12,758 shares of the company’s stock worth $1,282,000 after acquiring an additional 63 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Wyndham Worldwide by 1.0% in the second quarter. Advisory Services Network LLC now owns 9,270 shares of the company’s stock worth $931,000 after acquiring an additional 90 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Wyndham Worldwide by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 30,222 shares of the company’s stock worth $3,034,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 94.13% of the company’s stock.
Separately, Zacks Investment Research raised Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $108.29.
In related news, Director George Herrera sold 311 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total value of $32,910.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.39% of the company’s stock.
Wyndham Worldwide Co. (WYN) traded up $0.28 during midday trading on Friday, hitting $113.05. The stock had a trading volume of 414,900 shares, compared to its average volume of 876,407. Wyndham Worldwide Co. has a 12 month low of $75.36 and a 12 month high of $114.49. The firm has a market capitalization of $11,426.56, a PE ratio of 18.64 and a beta of 1.35. 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 (NYSE:WYN) last released 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. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. analysts forecast that Wyndham Worldwide Co. will post 6.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.58 dividend. The ex-dividend date is Friday, November 24th. This represents a $2.32 annualized dividend and a yield of 2.05%. Wyndham Worldwide’s payout ratio is currently 41.58%.
Wyndham Worldwide declared that its board has approved a stock buyback plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
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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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