Wyndham Worldwide Co. (NYSE:WYN) VP Scott G. Mclester sold 15,381 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $115.00, for a total value of $1,768,815.00. Following the transaction, the vice president now owns 8,917 shares of the company’s stock, valued at $1,025,455. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Wyndham Worldwide Co. (NYSE WYN) traded up $4.18 during trading on Thursday, hitting $116.89. 975,400 shares of the stock traded hands, compared to its average volume of 991,883. The stock has a market cap of $11,840.00, a PE ratio of 20.99 and a beta of 1.36. Wyndham Worldwide Co. has a fifty-two week low of $75.80 and a fifty-two week high of $117.95. 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 issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. Wyndham Worldwide’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. research analysts anticipate that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.
Wyndham Worldwide announced that its board has initiated a share buyback plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase 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.
Hedge funds have recently added to or reduced their stakes in the business. DnB Asset Management AS raised its position in shares of Wyndham Worldwide by 7.5% during the fourth quarter. DnB Asset Management AS now owns 11,400 shares of the company’s stock valued at $1,321,000 after buying an additional 800 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Wyndham Worldwide by 5.4% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 23,020 shares of the company’s stock valued at $2,667,000 after buying an additional 1,180 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Wyndham Worldwide by 2.2% in the third quarter. Parametric Portfolio Associates LLC now owns 417,431 shares of the company’s stock worth $44,001,000 after purchasing an additional 9,058 shares in the last quarter. Coastline Trust Co raised its position in Wyndham Worldwide by 4.3% in the third quarter. Coastline Trust Co now owns 19,350 shares of the company’s stock worth $2,040,000 after purchasing an additional 790 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in Wyndham Worldwide in the third quarter worth about $329,000. Institutional investors own 94.09% of the company’s stock.
WYN has been the topic of several research reports. Macquarie initiated coverage on Wyndham Worldwide in a report on Friday, January 5th. They issued an “underperform” rating on the stock. Zacks Investment Research cut Wyndham Worldwide from a “hold” rating to a “sell” rating in a report on Monday, October 30th. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stifel Nicolaus boosted their target price on shares of Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Finally, Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Wyndham Worldwide presently has an average rating of “Hold” and a consensus price target of $110.14.
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Wyndham Worldwide 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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