Principal Financial Group Inc. reduced its stake in shares of Wyndham Worldwide (NYSE:WYN) by 2.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 163,199 shares of the company’s stock after selling 3,631 shares during the period. Principal Financial Group Inc.’s holdings in Wyndham Worldwide were worth $18,675,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Koch Industries Inc. raised its holdings in Wyndham Worldwide by 526.3% during the 1st quarter. Koch Industries Inc. now owns 11,931 shares of the company’s stock worth $1,365,000 after buying an additional 10,026 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Wyndham Worldwide by 11.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 158,991 shares of the company’s stock worth $18,193,000 after buying an additional 16,600 shares during the period. Boston Private Wealth LLC raised its holdings in Wyndham Worldwide by 12.3% during the 1st quarter. Boston Private Wealth LLC now owns 14,465 shares of the company’s stock worth $1,655,000 after buying an additional 1,585 shares during the period. OmniStar Financial Group Inc. acquired a new stake in Wyndham Worldwide during the 1st quarter worth approximately $1,204,000. Finally, Teza Capital Management LLC acquired a new stake in Wyndham Worldwide during the 1st quarter worth approximately $285,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.
Wyndham Worldwide opened at $108.44 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 9.19, a quick ratio of 1.08 and a current ratio of 1.19. Wyndham Worldwide has a 12-month low of $95.30 and a 12-month high of $127.96. The company has a market capitalization of $11.06 billion, a PE ratio of 19.72 and a beta of 1.36.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.06. Wyndham Worldwide had a net margin of 13.78% and a return on equity of 94.96%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $1.01 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. analysts predict that Wyndham Worldwide will post 7.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.41 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.51%. Wyndham Worldwide’s dividend payout ratio (DPR) is presently 48.00%.
In other news, Director George Herrera sold 313 shares of Wyndham Worldwide stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $111.51, for a total value of $34,902.63. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.18% of the stock is owned by company insiders.
Several analysts have commented on WYN shares. Zacks Investment Research upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Tuesday, March 20th. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Friday, May 11th. TheStreet upgraded shares of Wyndham Worldwide from a “c” rating to a “b” rating in a report on Friday, May 18th. Credit Suisse Group started coverage on shares of Wyndham Worldwide in a report on Friday, May 18th. They set a “neutral” rating and a $116.00 target price on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $131.00 target price (down from $135.00) on shares of Wyndham Worldwide in a report on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $136.86.
Wyndham Worldwide 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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