Wyndham Worldwide Co. (WYN) Shares Sold by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. trimmed its stake in shares of Wyndham Worldwide Co. (NYSE:WYN) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,047 shares of the company’s stock after selling 9,855 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.52% of Wyndham Worldwide worth $55,135,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in WYN. San Francisco Sentry Investment Group CA acquired a new position in Wyndham Worldwide in the 2nd quarter valued at approximately $158,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Wyndham Worldwide by 26.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after buying an additional 338 shares during the period. Smithfield Trust Co. acquired a new stake in shares of Wyndham Worldwide during the second quarter worth $170,000. Advisor Partners LLC acquired a new stake in shares of Wyndham Worldwide during the second quarter worth $206,000. Finally, Pacer Advisors Inc. increased its position in shares of Wyndham Worldwide by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock worth $217,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 94.13% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 price objective for the company in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Wyndham Worldwide presently has an average rating of “Hold” and an average target price of $108.29.
In related news, Director George Herrera sold 311 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.39% of the stock is owned by corporate insiders.
Shares of Wyndham Worldwide Co. (NYSE:WYN) traded up $0.54 during midday trading on Tuesday, reaching $112.21. 1,039,500 shares of the company traded hands, compared to its average volume of 1,118,144. The company has a market capitalization of $11,315.10, a price-to-earnings ratio of 18.46 and a beta of 1.35. Wyndham Worldwide Co. has a fifty-two week low of $72.84 and a fifty-two week high of $114.13. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96.
Wyndham Worldwide (NYSE:WYN) last issued its 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. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. Wyndham Worldwide’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 earnings per share. equities analysts anticipate that Wyndham Worldwide Co. will post 6.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Friday, November 24th. Wyndham Worldwide’s dividend payout ratio is presently 41.58%.
Wyndham Worldwide declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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About Wyndham Worldwide
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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