Banque Pictet & Cie SA boosted its stake in Wyndham Worldwide Corp (NYSE:WYN) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,566 shares of the company’s stock after buying an additional 2,156 shares during the period. Banque Pictet & Cie SA owned 0.08% of Wyndham Worldwide Corp worth $8,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Wyndham Worldwide Corp by 2,799.1% in the first quarter. BlackRock Inc. now owns 6,503,033 shares of the company’s stock valued at $548,141,000 after buying an additional 6,278,724 shares during the period. FMR LLC increased its position in shares of Wyndham Worldwide Corp by 25.1% in the first quarter. FMR LLC now owns 5,031,984 shares of the company’s stock valued at $424,146,000 after buying an additional 1,009,242 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Wyndham Worldwide Corp by 150.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,176,733 shares of the company’s stock valued at $99,187,000 after buying an additional 707,223 shares during the period. Bessemer Group Inc. increased its position in shares of Wyndham Worldwide Corp by 38.8% in the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock valued at $178,650,000 after buying an additional 497,029 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Wyndham Worldwide Corp by 187.1% in the first quarter. Teachers Advisors LLC now owns 691,162 shares of the company’s stock valued at $58,258,000 after buying an additional 450,446 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Wyndham Worldwide Corp (NYSE:WYN) traded up 0.57% on Friday, hitting $100.25. 1,344,381 shares of the stock traded hands. Wyndham Worldwide Corp has a 52 week low of $62.60 and a 52 week high of $106.50. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 18.46 and a beta of 1.35. The firm’s 50 day moving average is $100.55 and its 200 day moving average is $94.60.

Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. Equities analysts anticipate that Wyndham Worldwide Corp will post $6.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, August 23rd. Wyndham Worldwide Corp’s payout ratio is presently 43.04%.

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WYN has been the topic of several recent analyst reports. BidaskClub upgraded shares of Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and set a $110.00 price objective (up previously from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. 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. Finally, Telsey Advisory Group downgraded 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Wyndham Worldwide Corp has an average rating of “Hold” and a consensus price target 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 document filed with the SEC, which can be accessed through this hyperlink. 2.39% of the stock is 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: 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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Institutional Ownership by Quarter for Wyndham Worldwide Corp (NYSE:WYN)

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