Pillar Pacific Capital Management LLC raised its position in Wyndham Worldwide Corp (NYSE:WYN) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 26,765 shares of the company’s stock after buying an additional 1,130 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Wyndham Worldwide Corp were worth $2,687,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. James Investment Research Inc. boosted its stake in shares of Wyndham Worldwide Corp by 154.0% in the first quarter. James Investment Research Inc. now owns 2,680 shares of the company’s stock worth $226,000 after buying an additional 1,625 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Wyndham Worldwide Corp during the first quarter worth approximately $4,652,000. Brant Point Investment Management LLC purchased a new stake in shares of Wyndham Worldwide Corp during the first quarter worth approximately $3,346,000. Winslow Asset Management Inc. boosted its stake in shares of Wyndham Worldwide Corp by 107.4% in the first quarter. Winslow Asset Management Inc. now owns 85,019 shares of the company’s stock worth $7,166,000 after buying an additional 44,025 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of Wyndham Worldwide Corp by 58.0% in the first quarter. State of Tennessee Treasury Department now owns 87,036 shares of the company’s stock worth $7,336,000 after buying an additional 31,953 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.
Shares of Wyndham Worldwide Corp (NYSE:WYN) traded down 0.28% during trading on Friday, hitting $97.33. The company had a trading volume of 1,117,687 shares. The stock’s 50-day moving average is $102.22 and its 200 day moving average is $92.70. Wyndham Worldwide Corp has a 52-week low of $62.60 and a 52-week high of $106.50. The firm has a market capitalization of $10.00 billion, a P/E ratio of 17.92 and a beta of 1.34.
Wyndham Worldwide Corp (NYSE:WYN) last announced its earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.03. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Wyndham Worldwide Corp will post $6.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $2.32 annualized dividend and a dividend yield of 2.38%. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is 43.04%.
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WYN has been the subject of a number of research reports. MKM Partners reaffirmed a “buy” rating and set a $111.00 price target (up previously from $95.00) on shares of Wyndham Worldwide Corp in a research report on Wednesday, April 26th. BidaskClub cut Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Wednesday, June 28th. Stifel Nicolaus reiterated a “buy” rating and set a $110.00 price objective (up previously from $108.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, June 22nd. Finally, Buckingham Research started coverage on Wyndham Worldwide Corp in a research note on Monday, June 19th. They set a “buy” rating and a $114.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.22.
About Wyndham Worldwide Corp
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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