Hanseatic Management Services Inc. reduced its position in shares of Wyndham Worldwide Corp (NYSE:WYN) by 30.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,600 shares of the company’s stock after selling 2,427 shares during the period. Hanseatic Management Services Inc.’s holdings in Wyndham Worldwide Corp were worth $590,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning boosted its stake in shares of Wyndham Worldwide Corp by 0.7% during the 2nd quarter. Creative Planning now owns 6,182 shares of the company’s stock worth $621,000 after purchasing an additional 42 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Wyndham Worldwide Corp by 1.3% in the second quarter. Contravisory Investment Management Inc. now owns 3,284 shares of the company’s stock worth $330,000 after acquiring an additional 43 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Wyndham Worldwide Corp by 1.2% in the second quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock worth $476,000 after acquiring an additional 54 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Wyndham Worldwide Corp by 2.3% in the second quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after acquiring an additional 56 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in shares of Wyndham Worldwide Corp by 0.5% in the second quarter. Empirical Finance LLC now owns 12,758 shares of the company’s stock worth $1,282,000 after acquiring an additional 63 shares during the last quarter. 95.75% of the stock is currently owned by institutional investors.
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Wyndham Worldwide Corp (WYN) traded down $1.06 during midday trading on Thursday, reaching $106.48. 836,800 shares of the company traded hands, compared to its average volume of 1,131,622. Wyndham Worldwide Corp has a 52-week low of $71.09 and a 52-week high of $110.74. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $10,896.62, a price-to-earnings ratio of 17.77 and a beta of 1.35.
Wyndham Worldwide Corp (NYSE:WYN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide Corp had a net margin of 10.20% and a return on equity of 97.31%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $1.89 earnings per share. Wyndham Worldwide Corp’s revenue for the quarter was up 3.6% compared to the same quarter last year. sell-side analysts anticipate that Wyndham Worldwide Corp will post 6.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, November 24th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.18%. Wyndham Worldwide Corp’s dividend payout ratio is currently 41.58%.
Wyndham Worldwide Corp announced that its board has initiated a share repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
WYN has been the topic of several research analyst reports. Telsey Advisory Group cut shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a research report on Friday, August 4th. BidaskClub cut shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research cut shares of Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Wyndham Worldwide Corp presently has an average rating of “Hold” and a consensus target price of $108.29.
In other news, Director George Herrera sold 311 shares of Wyndham Worldwide Corp stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.39% of the company’s stock.
Wyndham Worldwide Corp Profile
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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