MRJ Capital Inc. Sells 18,100 Shares of Wyndham Worldwide Corp (WYN)
MRJ Capital Inc. reduced its position in Wyndham Worldwide Corp (NYSE:WYN) by 33.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,100 shares of the company’s stock after selling 18,100 shares during the quarter. Wyndham Worldwide Corp accounts for approximately 2.1% of MRJ Capital Inc.’s investment portfolio, making the stock its 21st largest holding. MRJ Capital Inc.’s holdings in Wyndham Worldwide Corp were worth $3,624,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 201 shares in the last quarter. Dubuque Bank & Trust Co. raised its holdings in shares of 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 acquiring an additional 824 shares in the last quarter. TrimTabs Asset Management LLC raised its holdings in shares of 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 acquiring an additional 752 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Wyndham Worldwide Corp by 26.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock valued at $163,000 after acquiring an additional 338 shares in the last quarter. Finally, Smithfield Trust Co. bought a new stake in shares of Wyndham Worldwide Corp in the second quarter valued at about $170,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.
In related news, Director George Herrera sold 323 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $97.60, for a total transaction of $31,524.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.39% of the company’s stock.
Shares of Wyndham Worldwide Corp (WYN) traded up 0.57% during trading on Monday, reaching $100.25. 1,344,381 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $100.55 and a 200 day moving average price of $94.60. The company has a market capitalization of $10.30 billion, a P/E ratio of 18.46 and a beta of 1.35. Wyndham Worldwide Corp has a 12-month low of $62.60 and a 12-month high of $106.50.
Wyndham Worldwide Corp (NYSE:WYN) last announced its earnings results on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.03. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business posted $1.40 EPS. Wyndham Worldwide Corp’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Wyndham Worldwide Corp will post $6.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is 43.04%.
Several analysts recently weighed in on WYN shares. BidaskClub upgraded Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and issued a $110.00 price objective (up from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Buckingham Research started coverage on Wyndham Worldwide Corp in a report on Monday, June 19th. They issued a “buy” rating and a $114.00 price objective for the company. Finally, Telsey Advisory Group downgraded Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $99.22.
Wyndham Worldwide Corp 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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