Wyndham Destinations (NASDAQ:WYND) Director Stephen P. Holmes sold 50,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $43.54, for a total transaction of $2,177,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Wyndham Destinations stock traded down $0.31 during midday trading on Tuesday, reaching $42.05. 22,277 shares of the company’s stock traded hands, compared to its average volume of 888,511. Wyndham Destinations has a 12 month low of $33.55 and a 12 month high of $54.75.
Wyndham Destinations (NASDAQ:WYND) last released its earnings results on Tuesday, February 26th. The company reported $1.27 EPS for the quarter, hitting analysts’ consensus estimates of $1.27. The company had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $975.98 million. Wyndham Destinations’s quarterly revenue was up 2.7% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be issued a dividend of $0.45 per share. This is an increase from Wyndham Destinations’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, March 15th.
Large investors have recently made changes to their positions in the company. Palo Capital Inc. bought a new position in Wyndham Destinations in the third quarter valued at about $841,000. AXA bought a new position in Wyndham Destinations in the third quarter valued at about $15,078,000. Iridian Asset Management LLC CT lifted its holdings in Wyndham Destinations by 59.6% in the third quarter. Iridian Asset Management LLC CT now owns 8,766,826 shares of the company’s stock valued at $380,130,000 after acquiring an additional 3,272,233 shares during the period. Bank of New York Mellon Corp lifted its holdings in Wyndham Destinations by 11.7% in the third quarter. Bank of New York Mellon Corp now owns 1,773,807 shares of the company’s stock valued at $76,911,000 after acquiring an additional 185,327 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new position in Wyndham Destinations in the third quarter valued at about $3,815,000.
WYND has been the subject of several recent analyst reports. Goldman Sachs Group cut shares of Wyndham Destinations from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research report on Monday, November 26th. They noted that the move was a valuation call. Nomura upgraded shares of Wyndham Destinations from a “neutral” rating to a “buy” rating and raised their price objective for the company from $51.45 to $52.00 in a report on Monday, January 14th. Deutsche Bank reissued a “buy” rating and set a $58.00 target price on shares of Wyndham Destinations in a research report on Monday, December 17th. SunTrust Banks increased their target price on shares of Wyndham Destinations to $72.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Finally, Oppenheimer set a $66.00 price objective on shares of Wyndham Destinations and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.27.
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About Wyndham Destinations
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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