Amundi Pioneer Asset Management Inc. acquired a new stake in Wyndham Worldwide (NYSE:WYN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Sei Investments Co. grew its stake in shares of Wyndham Worldwide by 16.5% in the third quarter. Sei Investments Co. now owns 140,933 shares of the company’s stock worth $14,856,000 after acquiring an additional 19,983 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Wyndham Worldwide by 10.1% in the third quarter. New York State Common Retirement Fund now owns 428,038 shares of the company’s stock worth $45,119,000 after acquiring an additional 39,196 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Wyndham Worldwide by 6.3% in the third quarter. Advisor Group Inc. now owns 9,952 shares of the company’s stock worth $1,050,000 after acquiring an additional 587 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Wyndham Worldwide by 86.4% during the third quarter. Teacher Retirement System of Texas now owns 18,365 shares of the company’s stock valued at $1,936,000 after buying an additional 8,513 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Wyndham Worldwide by 4.7% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 332,302 shares of the company’s stock valued at $35,028,000 after buying an additional 14,825 shares during the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.
WYN has been the topic of several recent analyst reports. Goldman Sachs raised Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Zacks Investment Research raised Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wolfe Research raised Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. Finally, Macquarie started coverage on Wyndham Worldwide in a research note on Friday, January 5th. They issued an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $129.22.
WYN traded down $3.16 on Friday, hitting $110.28. 724,555 shares of the company’s stock traded hands, compared to its average volume of 712,534. The company has a market capitalization of $10,997.45, a PE ratio of 20.05 and a beta of 1.35. Wyndham Worldwide has a one year low of $83.80 and a one year high of $127.96. 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 (NYSE:WYN) last issued its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. equities research analysts predict that Wyndham Worldwide will post 7.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a $0.66 dividend. This is a boost from Wyndham Worldwide’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.39%. Wyndham Worldwide’s payout ratio is 48.00%.
In other Wyndham Worldwide news, Director Myra J. Biblowit sold 2,500 shares of Wyndham Worldwide stock in a transaction on Friday, March 9th. The stock was sold at an average price of $121.00, for a total transaction of $302,500.00. Following the completion of the sale, the director now directly owns 7,924 shares of the company’s stock, valued at approximately $958,804. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Geoffrey A. Ballotti sold 8,968 shares of Wyndham Worldwide stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $114.73, for a total value of $1,028,898.64. Following the sale, the chief executive officer now directly owns 137,784 shares of the company’s stock, valued at $15,807,958.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,510 shares of company stock valued at $2,273,541. Company insiders own 2.39% of the company’s stock.
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Wyndham Worldwide Company Profile
Wyndham Worldwide Corporation provides hospitality services and products to individual and business customers worldwide. It operates through three segments: Hotel Group, Destination Network, and Vacation Ownership. The Hotel Group segment primarily franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, as well as provides property management services for full-service and select limited-service hotels.
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