Donaldson Capital Management LLC Lowers Position in Wyndham Worldwide Co. (WYN)
Donaldson Capital Management LLC trimmed its holdings in Wyndham Worldwide Co. (NYSE:WYN) by 88.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,169 shares of the company’s stock after selling 30,989 shares during the period. Wyndham Worldwide accounts for about 1.7% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Donaldson Capital Management LLC’s holdings in Wyndham Worldwide were worth $483,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of WYN. HighTower Advisors LLC boosted its stake in shares of Wyndham Worldwide by 1.2% during the 2nd quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock worth $476,000 after purchasing an additional 54 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Wyndham Worldwide by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 9,270 shares of the company’s stock worth $931,000 after purchasing an additional 90 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Wyndham Worldwide by 0.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 30,222 shares of the company’s stock worth $3,034,000 after purchasing an additional 100 shares during the last quarter. Veritable L.P. boosted its stake in shares of Wyndham Worldwide by 3.3% during the 2nd quarter. Veritable L.P. now owns 3,587 shares of the company’s stock worth $360,000 after purchasing an additional 116 shares during the last quarter. Finally, Kalos Management Inc. boosted its stake in shares of Wyndham Worldwide by 1.4% during the 2nd quarter. Kalos Management Inc. now owns 29,389 shares of the company’s stock worth $2,951,000 after purchasing an additional 394 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total value of $1,768,815.00. Following the transaction, the vice president now owns 8,917 shares in the company, valued at $1,025,455. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Herrera sold 311 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by company insiders.
Wyndham Worldwide (NYSE:WYN) last released 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. 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 last year, the company earned $1.89 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. research analysts expect that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.
Wyndham Worldwide declared that its board has approved a stock buyback plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
WYN has been the topic of several analyst reports. Zacks Investment Research raised shares of Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 price target on the stock in a research note on Thursday, October 12th. Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. Goldman Sachs Group raised shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus raised their target price on shares of Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $122.50.
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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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