Convergence Investment Partners LLC Has $1.58 Million Stake in Wyndham Worldwide Corp (WYN)
Convergence Investment Partners LLC cut its stake in Wyndham Worldwide Corp (NYSE:WYN) by 57.2% during the second quarter, Holdings Channel reports. The firm owned 15,713 shares of the company’s stock after selling 20,968 shares during the period. Convergence Investment Partners LLC’s holdings in Wyndham Worldwide Corp were worth $1,578,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of WYN. IHT Wealth Management LLC raised its stake in Wyndham Worldwide Corp by 15.9% in the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after buying an additional 201 shares during the period. Dubuque Bank & Trust Co. raised its stake in Wyndham Worldwide Corp by 125.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after buying an additional 824 shares during the period. TrimTabs Asset Management LLC raised its stake in Wyndham Worldwide Corp by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock valued at $135,000 after buying an additional 752 shares during the period. Smithfield Trust Co. purchased a new stake in Wyndham Worldwide Corp during the second quarter valued at $170,000. Finally, Pacer Advisors Inc. raised its stake in Wyndham Worldwide Corp by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock valued at $167,000 after buying an additional 66 shares during the period. Institutional investors own 92.68% of the company’s stock.
Shares of Wyndham Worldwide Corp (NYSE WYN) opened at 98.71 on Tuesday. The firm has a 50-day moving average of $102.06 and a 200 day moving average of $93.02. Wyndham Worldwide Corp has a 52 week low of $62.60 and a 52 week high of $106.50. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 18.18 and a beta of 1.34.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts predict that Wyndham Worldwide Corp will post $6.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.58 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $2.32 annualized dividend and a dividend yield of 2.35%. Wyndham Worldwide Corp’s dividend payout ratio is currently 43.04%.
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A number of brokerages recently commented on WYN. BidaskClub lowered shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Telsey Advisory Group lowered shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective on the stock. in a report on Friday, August 4th. MKM Partners restated a “buy” rating and set a $111.00 price objective (up from $95.00) on shares of Wyndham Worldwide Corp in a report on Wednesday, April 26th. Stifel Nicolaus dropped their price objective on shares of Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, May 1st. Finally, Buckingham Research began coverage on shares of Wyndham Worldwide Corp in a report on Monday, June 19th. They set a “buy” rating and a $114.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.22.
In other news, Director George Herrera sold 323 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $97.60, for a total value of $31,524.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.39% of the company’s stock.
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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