Pillar Pacific Capital Management LLC Has $2.69 Million Position in Wyndham Worldwide Corp (NYSE:WYN)
Pillar Pacific Capital Management LLC increased its position in Wyndham Worldwide Corp (NYSE:WYN) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.
A number of other large investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of Wyndham Worldwide Corp during the fourth quarter worth approximately $2,062,000. Quadrature Capital Ltd bought a new stake in shares of Wyndham Worldwide Corp during the fourth quarter worth approximately $379,000. Teachers Advisors LLC raised its stake in shares of Wyndham Worldwide Corp by 11.4% in the fourth quarter. Teachers Advisors LLC now owns 240,716 shares of the company’s stock worth $18,383,000 after buying an additional 24,582 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Wyndham Worldwide Corp during the fourth quarter worth approximately $597,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Wyndham Worldwide Corp during the fourth quarter worth approximately $266,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.
Wyndham Worldwide Corp (WYN) traded down 0.28% on Friday, reaching $97.33. 1,117,687 shares of the company traded hands. The stock has a market capitalization of $10.00 billion, a PE ratio of 17.92 and a beta of 1.34. The firm has a 50 day moving average of $102.22 and a 200-day moving average of $92.70. 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm 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 $6.20 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio is currently 43.04%.
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A number of equities research analysts have commented on WYN shares. J P Morgan Chase & Co reissued an “overweight” rating and set a $97.00 price objective (up previously from $94.00) on shares of Wyndham Worldwide Corp in a report on Monday, April 17th. MKM Partners reaffirmed a “buy” rating and issued a $111.00 target price (up previously from $95.00) on shares of Wyndham Worldwide Corp in a research note on Wednesday, April 26th. Wolfe Research lowered shares of Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Finally, Stifel Nicolaus reduced their target price on shares of Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $99.22.
Wyndham Worldwide Corp Company 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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