Commerzbank Aktiengesellschaft FI purchased a new position in Wyndham Worldwide Co. (NYSE:WYN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,209 shares of the company’s stock, valued at approximately $338,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA purchased a new position in Wyndham Worldwide in the second quarter worth about $158,000. Bronfman E.L. Rothschild L.P. grew its position in Wyndham Worldwide by 26.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after acquiring an additional 338 shares in the last quarter. Advisor Partners LLC purchased a new position in Wyndham Worldwide in the second quarter worth about $206,000. Pacer Advisors Inc. grew its position in Wyndham Worldwide by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock worth $217,000 after acquiring an additional 171 shares in the last quarter. Finally, Rational Advisors LLC purchased a new position in Wyndham Worldwide in the third quarter worth about $253,000. Institutional investors own 94.13% of the company’s stock.
In other Wyndham Worldwide news, Director George Herrera sold 311 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. 2.39% of the stock is owned by insiders.
Separately, Zacks Investment Research upgraded Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Wyndham Worldwide has an average rating of “Hold” and an average price target of $108.29.
Shares of Wyndham Worldwide Co. (WYN) traded down $0.31 during trading hours on Tuesday, hitting $112.74. The company’s stock had a trading volume of 981,200 shares, compared to its average volume of 1,111,693. Wyndham Worldwide Co. has a fifty-two week low of $75.36 and a fifty-two week high of $114.49. The stock has a market capitalization of $11,420.00, a price-to-earnings ratio of 18.69 and a beta of 1.35. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 9.00.
Wyndham Worldwide (NYSE:WYN) last announced its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts expect that Wyndham Worldwide Co. will post 6.04 earnings per share for the current fiscal year.
Wyndham Worldwide declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 27th were given a dividend of $0.58 per share. The ex-dividend date was Friday, November 24th. This represents a $2.32 annualized dividend and a dividend yield of 2.06%. Wyndham Worldwide’s dividend payout ratio (DPR) is presently 41.65%.
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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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