Wyndham Worldwide Corp (NYSE:WYN) Shares Bought by Huntington National Bank
Huntington National Bank boosted its position in shares of Wyndham Worldwide Corp (NYSE:WYN) by 658.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,931 shares of the company’s stock after buying an additional 3,413 shares during the period. Huntington National Bank’s holdings in Wyndham Worldwide Corp were worth $394,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WYN. Assetmark Inc. raised its position in shares of Wyndham Worldwide Corp by 0.4% in the first quarter. Assetmark Inc. now owns 3,175 shares of the company’s stock worth $267,000 after buying an additional 12 shares during the last quarter. Court Place Advisors LLC raised its position in shares of Wyndham Worldwide Corp by 0.5% in the first quarter. Court Place Advisors LLC now owns 4,438 shares of the company’s stock worth $374,000 after buying an additional 21 shares during the last quarter. Creative Planning raised its position in shares of Wyndham Worldwide Corp by 0.7% in the second quarter. Creative Planning now owns 6,182 shares of the company’s stock worth $621,000 after buying an additional 42 shares during the last quarter. Savant Capital LLC raised its position in shares of Wyndham Worldwide Corp by 1.3% in the first quarter. Savant Capital LLC now owns 3,826 shares of the company’s stock worth $322,000 after buying an additional 49 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Wyndham Worldwide Corp by 0.6% in the first quarter. Strs Ohio now owns 9,128 shares of the company’s stock worth $769,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.
Wyndham Worldwide Corp (NYSE WYN) opened at 102.26 on Monday. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 18.82 and a beta of 1.34. Wyndham Worldwide Corp has a 12-month low of $62.60 and a 12-month high of $105.86. The firm’s 50-day moving average price is $102.49 and its 200 day moving average price is $91.67.
Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm earned $1.40 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that Wyndham Worldwide Corp will post $6.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, August 23rd. Wyndham Worldwide Corp’s payout ratio is 43.04%.
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A number of brokerages have commented on WYN. Buckingham Research began coverage on Wyndham Worldwide Corp in a research report on Monday, June 19th. They issued a “buy” rating and a $114.00 price objective on the stock. Stifel Nicolaus reduced their price target on Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, May 1st. Telsey Advisory Group lowered Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target on the stock. in a research report on Friday. Zacks Investment Research lowered Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BidaskClub lowered Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $99.22.
About Wyndham Worldwide Corp
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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