ClariVest Asset Management LLC reduced its stake in Wyndham Worldwide Corp (NYSE:WYN) by 3.3% during the second quarter, Holdings Channel reports. The fund owned 285,136 shares of the company’s stock after selling 9,710 shares during the period. ClariVest Asset Management LLC’s holdings in Wyndham Worldwide Corp were worth $28,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of Wyndham Worldwide Corp by 0.4% in the first quarter. Assetmark Inc. now owns 3,175 shares of the company’s stock worth $267,000 after buying an additional 12 shares in the last quarter. Court Place Advisors LLC boosted its position in shares of Wyndham Worldwide Corp by 0.5% in the first quarter. Court Place Advisors LLC now owns 4,438 shares of the company’s stock worth $374,000 after buying an additional 21 shares in the last quarter. Creative Planning boosted its position in shares of Wyndham Worldwide Corp by 0.7% in the second quarter. Creative Planning now owns 6,182 shares of the company’s stock worth $621,000 after buying an additional 42 shares in 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 buying an additional 43 shares in the last quarter. Finally, Savant Capital LLC boosted its position in shares of Wyndham Worldwide Corp by 1.3% in the first quarter. Savant Capital LLC now owns 3,826 shares of the company’s stock worth $322,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Shares of Wyndham Worldwide Corp (NYSE:WYN) opened at 97.33 on Friday. The company’s 50-day moving average price is $102.22 and its 200-day moving average price is $92.70. The stock has a market cap of $10.00 billion, a PE ratio of 17.92 and a beta of 1.34. Wyndham Worldwide Corp has a 52-week low of $62.60 and a 52-week high of $106.50.

Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. Analysts expect that Wyndham Worldwide Corp will post $6.20 earnings per share 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 issued a $0.58 dividend. The ex-dividend date of this dividend 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 analyst reports. J P Morgan Chase & Co restated an “overweight” rating and issued a $97.00 price target (up previously from $94.00) on shares of Wyndham Worldwide Corp in a research report on Monday, April 17th. MKM Partners restated a “buy” rating and issued a $111.00 price target (up previously from $95.00) on shares of Wyndham Worldwide Corp in a research report on Wednesday, April 26th. Wolfe Research cut Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 27th. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Finally, Stifel Nicolaus dropped their price target on Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for Wyndham Worldwide Corp (NYSE:WYN)

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