Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Wyndham Worldwide Co. (NYSE:WYN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 105,605 shares of the company’s stock, valued at approximately $12,236,000. Amundi Pioneer Asset Management Inc. owned about 0.10% of Wyndham Worldwide as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of WYN. Calton & Associates Inc. bought a new position in shares of Wyndham Worldwide in the fourth quarter worth about $103,000. Gradient Investments LLC bought a new position in shares of Wyndham Worldwide in the fourth quarter worth about $163,000. Tower Research Capital LLC TRC grew its holdings in shares of Wyndham Worldwide by 790.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock worth $187,000 after purchasing an additional 1,431 shares during the last quarter. Reliance Trust Co. of Delaware bought a new position in shares of Wyndham Worldwide in the fourth quarter worth about $205,000. Finally, Jane Street Group LLC bought a new position in shares of Wyndham Worldwide in the third quarter worth about $209,000. Institutional investors and hedge funds own 92.98% of the company’s stock.
A number of research analysts have recently commented on the stock. SunTrust Banks upped their price target on shares of Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price target on shares of Wyndham Worldwide in a report on Friday, January 19th. Jefferies Group assumed coverage on shares of Wyndham Worldwide in a report on Friday, January 19th. They issued a “buy” rating and a $202.00 price target on the stock. Finally, Goldman Sachs upgraded shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Wyndham Worldwide currently has an average rating of “Buy” and a consensus target price of $128.00.
In other Wyndham Worldwide news, CEO Geoffrey A. Ballotti sold 8,968 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $114.73, for a total transaction of $1,028,898.64. Following the transaction, the chief executive officer now directly owns 137,784 shares in the company, valued at approximately $15,807,958.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott G. Mclester sold 15,381 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the transaction, the vice president now owns 8,917 shares in the company, valued at $1,025,455. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,891 shares of company stock worth $4,042,356. 2.39% of the stock is owned by company insiders.
Wyndham Worldwide Co. (WYN) opened at $116.26 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 6.44. Wyndham Worldwide Co. has a 1-year low of $82.14 and a 1-year high of $127.96. The stock has a market cap of $11,575.90, a PE ratio of 13.74 and a beta of 1.38.
Wyndham Worldwide (NYSE:WYN) last issued its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business earned $1.35 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts anticipate that Wyndham Worldwide Co. will post 7.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.27%. This is a boost from Wyndham Worldwide’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, March 14th. Wyndham Worldwide’s dividend payout ratio is presently 31.21%.
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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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