Virtue Capital Management LLC purchased a new position in shares of Wyndham Worldwide Co. (NYSE:WYN) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,128 shares of the company’s stock, valued at approximately $478,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of WYN. Calton & Associates Inc. bought a new stake in Wyndham Worldwide during the 4th quarter worth approximately $103,000. Gradient Investments LLC bought a new stake in Wyndham Worldwide in the 4th quarter valued at $163,000. Tower Research Capital LLC TRC raised its stake in Wyndham Worldwide by 790.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock valued at $187,000 after acquiring an additional 1,431 shares during the period. Reliance Trust Co. of Delaware bought a new position in Wyndham Worldwide during the 4th quarter worth $205,000. Finally, Jane Street Group LLC bought a new position in Wyndham Worldwide during the 3rd quarter worth $209,000. Institutional investors and hedge funds own 92.98% of the company’s stock.
In other news, 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 directly owns 8,917 shares in the company, valued at approximately $1,025,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nicola Rossi sold 2,863 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $117.50, for a total value of $336,402.50. Following the sale, the vice president now owns 250 shares of the company’s stock, valued at $29,375. 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 currently owned by corporate insiders.
Wyndham Worldwide Co. (NYSE WYN) traded up $0.11 during mid-day trading on Friday, reaching $116.26. The company’s stock had a trading volume of 831,415 shares, compared to its average volume of 857,177. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.03 and a current ratio of 1.17. Wyndham Worldwide Co. has a twelve month low of $82.14 and a twelve month high of $127.96. The stock has a market capitalization of $11,582.88, a PE ratio of 13.74 and a beta of 1.38.
Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities research analysts forecast that Wyndham Worldwide Co. will post 7.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.27%. This is a positive change from Wyndham Worldwide’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, March 14th. Wyndham Worldwide’s payout ratio is presently 31.21%.
A number of research analysts recently commented on the company. SunTrust Banks raised their price target on Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Wyndham Worldwide in a research note on Friday, January 19th. Jefferies Group assumed coverage on Wyndham Worldwide in a research note on Friday, January 19th. They set a “buy” rating and a $202.00 price target on the stock. Finally, Goldman Sachs raised Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Wyndham Worldwide has a consensus rating of “Buy” and an average target price of $128.00.
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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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