Private Advisor Group LLC Decreases Holdings in Wyndham Worldwide Co. (WYN)
Private Advisor Group LLC reduced its holdings in shares of Wyndham Worldwide Co. (NYSE:WYN) by 47.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,891 shares of the company’s stock after selling 2,630 shares during the quarter. Private Advisor Group LLC’s holdings in Wyndham Worldwide were worth $311,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA purchased a new stake in Wyndham Worldwide during the second quarter worth approximately $158,000. Bronfman E.L. Rothschild L.P. grew its stake in 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. Pacer Advisors Inc. grew its stake in 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. BB&T Securities LLC grew its stake in Wyndham Worldwide by 2.3% during the second quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after buying an additional 56 shares during the period. Finally, Pitcairn Co. acquired a new position in shares of Wyndham Worldwide during the second quarter worth $251,000. Institutional investors own 94.13% of the company’s stock.
Separately, Zacks Investment Research cut shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Wyndham Worldwide currently has an average rating of “Hold” and a consensus price target of $108.29.
Wyndham Worldwide Co. (NYSE WYN) traded down $0.18 during midday trading on Thursday, hitting $111.80. 557,900 shares of the stock were exchanged, compared to its average volume of 1,107,641. Wyndham Worldwide Co. has a twelve month low of $75.36 and a twelve month high of $114.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. The firm has a market capitalization of $11,346.51, a PE ratio of 18.51 and a beta of 1.35.
Wyndham Worldwide (NYSE:WYN) last posted its earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company posted $1.89 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. equities analysts forecast that Wyndham Worldwide Co. will post 6.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.08%. Wyndham Worldwide’s payout ratio is currently 41.58%.
Wyndham Worldwide announced that its board has initiated a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director George Herrera sold 311 shares of the business’s 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 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.
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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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