Laurion Capital Management LP purchased a new position in shares of Wyndham Worldwide Corp (NYSE:WYN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,500 shares of the company’s stock, valued at approximately $5,573,000. Laurion Capital Management LP owned 0.05% of Wyndham Worldwide Corp at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IHT Wealth Management LLC increased its holdings in Wyndham Worldwide Corp by 15.9% during the 1st quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock worth $123,000 after purchasing an additional 201 shares during the period. Dubuque Bank & Trust Co. increased its holdings in Wyndham Worldwide Corp by 125.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock worth $149,000 after purchasing an additional 824 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in Wyndham Worldwide Corp by 26.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after purchasing an additional 338 shares during the period. Pacer Advisors Inc. increased its holdings in Wyndham Worldwide Corp by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock worth $167,000 after purchasing an additional 66 shares during the period. Finally, Smithfield Trust Co. purchased a new stake in Wyndham Worldwide Corp during the 2nd quarter worth about $170,000. Institutional investors own 94.84% of the company’s stock.
Several equities research analysts have weighed in on WYN shares. BidaskClub downgraded Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a 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 target on the stock in a report on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and set a $110.00 price target (up previously from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Buckingham Research started coverage on Wyndham Worldwide Corp in a report on Monday, June 19th. They set a “buy” rating and a $114.00 price target on the stock. Finally, Telsey Advisory Group downgraded Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target on the stock. in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Wyndham Worldwide Corp currently has a consensus rating of “Hold” and an average price target of $99.22.
In other news, Director George Herrera sold 323 shares of Wyndham Worldwide Corp stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $97.60, for a total transaction of $31,524.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.39% of the stock is currently owned by insiders.
Wyndham Worldwide Corp (WYN) traded down 1.20% on Friday, hitting $101.44. The stock had a trading volume of 1,224,843 shares. The company’s 50-day moving average is $99.65 and its 200-day moving average is $95.60. The stock has a market cap of $10.43 billion, a P/E ratio of 18.68 and a beta of 1.35. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $106.50.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.50 by $0.03. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company posted $1.40 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Wyndham Worldwide Corp will post $6.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 23rd. Wyndham Worldwide Corp’s payout ratio is 43.04%.
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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