Korea Investment CORP Lowers Position in Wyndham Worldwide Corp (WYN)
Korea Investment CORP lowered its position in Wyndham Worldwide Corp (NYSE:WYN) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,605 shares of the company’s stock after selling 10,000 shares during the period. Korea Investment CORP owned approximately 0.11% of Wyndham Worldwide Corp worth $12,397,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Aperio Group LLC grew its holdings in Wyndham Worldwide Corp by 10.2% during the 3rd quarter. Aperio Group LLC now owns 72,356 shares of the company’s stock valued at $7,627,000 after buying an additional 6,716 shares during the last quarter. TIAA FSB grew its holdings in Wyndham Worldwide Corp by 2.5% during the 3rd quarter. TIAA FSB now owns 37,503 shares of the company’s stock valued at $3,953,000 after buying an additional 919 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Wyndham Worldwide Corp during the 3rd quarter valued at $907,000. APG Asset Management N.V. grew its holdings in Wyndham Worldwide Corp by 46.9% during the 3rd quarter. APG Asset Management N.V. now owns 335,422 shares of the company’s stock valued at $35,357,000 after buying an additional 107,015 shares during the last quarter. Finally, Carnick & Kubik Group LLC acquired a new stake in Wyndham Worldwide Corp during the 3rd quarter valued at $2,312,000. Hedge funds and other institutional investors own 94.59% of the company’s stock.
WYN has been the topic of a number of analyst reports. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a report on Thursday, October 12th. Telsey Advisory Group cut 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. Finally, BidaskClub cut Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Wyndham Worldwide Corp presently has an average rating of “Hold” and an average target price of $108.29.
In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of Wyndham Worldwide Corp stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $97.60, for a total transaction of $31,524.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.39% of the company’s stock.
Shares of Wyndham Worldwide Corp (NYSE WYN) opened at 105.82 on Tuesday. The firm’s 50-day moving average price is $105.81 and its 200-day moving average price is $100.84. The firm has a market cap of $10.88 billion, a PE ratio of 19.49 and a beta of 1.36. Wyndham Worldwide Corp has a one year low of $64.14 and a one year high of $110.74.
Wyndham Worldwide Corp (NYSE:WYN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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 in the previous year, the business posted $1.89 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts expect that Wyndham Worldwide Corp will post $6.08 earnings per share for the current fiscal year.
Wyndham Worldwide Corp declared that its board has authorized a stock repurchase program on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
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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