Wyndham Worldwide Corp (WYN) Position Reduced by Gareth Morgan Investments Limited Partnership
Gareth Morgan Investments Limited Partnership lessened its stake in Wyndham Worldwide Corp (NYSE:WYN) by 26.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,681 shares of the company’s stock after selling 4,273 shares during the period. Gareth Morgan Investments Limited Partnership’s holdings in Wyndham Worldwide Corp were worth $1,173,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. IHT Wealth Management LLC grew 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 acquiring an additional 201 shares in the last quarter. TrimTabs Asset Management LLC grew its holdings in Wyndham Worldwide Corp by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock worth $135,000 after acquiring an additional 752 shares in the last quarter. Dubuque Bank & Trust Co. grew 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 acquiring an additional 824 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew 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 acquiring an additional 338 shares in the last quarter. Finally, Pacer Advisors Inc. grew 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 acquiring an additional 66 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors.
WYN has been the topic of several recent research reports. BidaskClub cut shares of Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Wednesday, June 28th. Stifel Nicolaus reiterated a “buy” rating and set a $110.00 target price (up from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Buckingham Research initiated coverage on shares of Wyndham Worldwide Corp in a report on Monday, June 19th. They set a “buy” rating and a $114.00 target price on the stock. Finally, 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 report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $99.22.
In other news, Director George Herrera sold 323 shares of the business’s 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.39% of the company’s stock.
Shares of Wyndham Worldwide Corp (NYSE:WYN) opened at 96.92 on Friday. Wyndham Worldwide Corp has a 12-month low of $62.60 and a 12-month high of $106.50. The company has a market capitalization of $9.96 billion, a PE ratio of 17.85 and a beta of 1.35. The stock has a 50 day moving average of $100.08 and a 200-day moving average of $94.96.
Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, topping the Zacks’ 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 business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts predict that Wyndham Worldwide Corp will post $6.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio is presently 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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