Wyndham Worldwide Corp. (WYN) Position Lowered by US Bancorp DE
US Bancorp DE reduced its position in shares of Wyndham Worldwide Corp. (NYSE:WYN) by 39.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,945 shares of the company’s stock after selling 105,315 shares during the period. US Bancorp DE owned approximately 0.15% of Wyndham Worldwide Corp. worth $10,970,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in WYN. North Star Asset Management Inc. boosted its stake in Wyndham Worldwide Corp. by 7.5% in the second quarter. North Star Asset Management Inc. now owns 169,245 shares of the company’s stock worth $12,055,000 after buying an additional 11,752 shares in the last quarter. Icon Advisers Inc. Co. boosted its position in Wyndham Worldwide Corp. by 2.8% in the second quarter. Icon Advisers Inc. Co. now owns 163,110 shares of the company’s stock worth $11,618,000 after buying an additional 4,470 shares during the period. Nordea Investment Management AB boosted its position in Wyndham Worldwide Corp. by 19.4% in the second quarter. Nordea Investment Management AB now owns 1,180,734 shares of the company’s stock worth $84,104,000 after buying an additional 191,885 shares during the period. Todd Asset Management LLC purchased a new position in Wyndham Worldwide Corp. during the second quarter worth about $12,266,000. Finally, Affinity Investment Advisors LLC boosted its position in Wyndham Worldwide Corp. by 21.8% in the second quarter. Affinity Investment Advisors LLC now owns 221,601 shares of the company’s stock worth $15,785,000 after buying an additional 39,606 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) traded down 1.08% during trading on Wednesday, hitting $72.07. The stock had a trading volume of 340,488 shares. Wyndham Worldwide Corp. has a 1-year low of $60.59 and a 1-year high of $81.08. The company has a market capitalization of $7.77 billion, a P/E ratio of 13.82 and a beta of 1.19. The firm has a 50-day moving average of $68.59 and a 200 day moving average of $69.43.
Wyndham Worldwide Corp. (NYSE:WYN) last released its earnings results on Wednesday, October 26th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Wyndham Worldwide Corp. had a net margin of 10.52% and a return on equity of 71.67%. Wyndham Worldwide Corp.’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. Equities research analysts predict that Wyndham Worldwide Corp. will post $5.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $2.00 annualized dividend and a yield of 2.74%. Wyndham Worldwide Corp.’s payout ratio is 38.31%.
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A number of equities analysts have issued reports on WYN shares. Goldman Sachs Group Inc. started coverage on Wyndham Worldwide Corp. in a report on Monday, September 26th. They set a “neutral” rating and a $72.00 target price for the company. Zacks Investment Research cut Wyndham Worldwide Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Finally, Nomura reiterated a “neutral” rating and set a $69.00 target price (down previously from $75.00) on shares of Wyndham Worldwide Corp. in a report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $76.00.
In related news, Director George Herrera sold 516 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $65.93, for a total value of $34,019.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.03% of the stock is currently owned by corporate insiders.
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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