Wyndham Worldwide Corp. (WYN) To Go Ex-Dividend on November 23rd
Wyndham Worldwide Corp. (NYSE:WYN) announced a quarterly dividend on Tuesday, November 8th. Stockholders of record on Monday, November 28th will be paid a dividend of 0.50 per share on Monday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, November 23rd.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) opened at 72.47 on Friday. Wyndham Worldwide Corp. has a one year low of $60.59 and a one year high of $81.08. The stock has a market capitalization of $7.81 billion, a P/E ratio of 13.90 and a beta of 1.19. The stock has a 50 day moving average price of $67.45 and a 200 day moving average price of $69.31.
Wyndham Worldwide Corp. (NYSE:WYN) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.02. Wyndham Worldwide Corp. had a return on equity of 71.67% and a net margin of 10.52%. The company earned $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the business earned $1.78 EPS. Wyndham Worldwide Corp.’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts forecast that Wyndham Worldwide Corp. will post $5.70 earnings per share for the current year.
In other Wyndham Worldwide Corp. news, Director George Herrera sold 516 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $65.93, for a total transaction of $34,019.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.03% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WYN. Pacer Advisors Inc. boosted its position in Wyndham Worldwide Corp. by 9.6% in the second quarter. Pacer Advisors Inc. now owns 1,945 shares of the company’s stock worth $139,000 after buying an additional 171 shares during the period. Johnson Financial Group Inc. boosted its position in Wyndham Worldwide Corp. by 24.4% in the second quarter. Johnson Financial Group Inc. now owns 2,350 shares of the company’s stock worth $167,000 after buying an additional 461 shares during the period. Sunbelt Securities Inc. boosted its position in Wyndham Worldwide Corp. by 80.1% in the second quarter. Sunbelt Securities Inc. now owns 2,514 shares of the company’s stock worth $179,000 after buying an additional 1,118 shares during the period. Veritable L.P. boosted its position in Wyndham Worldwide Corp. by 18.9% in the second quarter. Veritable L.P. now owns 3,811 shares of the company’s stock worth $271,000 after buying an additional 605 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Wyndham Worldwide Corp. during the second quarter worth approximately $321,000. Institutional investors own 97.49% of the company’s stock.
Several brokerages have recently weighed in on WYN. Zacks Investment Research upgraded Wyndham Worldwide Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th. MKM Partners restated a “buy” rating on shares of Wyndham Worldwide Corp. in a report on Thursday, July 28th. Deutsche Bank AG lowered their target price on Wyndham Worldwide Corp. from $64.00 to $62.00 and set a “hold” rating on the stock in a report on Thursday, July 28th. Telsey Advisory Group lowered their target price on Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. began coverage on Wyndham Worldwide Corp. in a report on Monday, September 26th. They set a “neutral” rating and a $72.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $76.00.
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: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.
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