Wyndham Worldwide Corp (WYN) Shares Sold by Victory Capital Management Inc.
Victory Capital Management Inc. lowered its holdings in Wyndham Worldwide Corp (NYSE:WYN) by 12.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 182,901 shares of the company’s stock after selling 25,240 shares during the quarter. Victory Capital Management Inc. owned 0.18% of Wyndham Worldwide Corp worth $18,365,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WYN. BlackRock Inc. grew its holdings in Wyndham Worldwide Corp by 2,799.1% in the 1st 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 last quarter. FMR LLC grew its holdings in Wyndham Worldwide Corp by 25.1% in the 1st 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 last quarter. TIAA CREF Investment Management LLC grew its holdings in Wyndham Worldwide Corp by 150.6% in the 1st 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 last quarter. Bessemer Group Inc. grew its holdings in Wyndham Worldwide Corp by 38.8% in the 2nd 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 last quarter. Finally, Teachers Advisors LLC grew its holdings in Wyndham Worldwide Corp by 187.1% in the 1st 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 last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $110.00 target price (up previously from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. BidaskClub raised Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Wednesday, June 28th. Telsey Advisory Group lowered Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Friday, August 4th. Finally, Buckingham Research assumed coverage on Wyndham Worldwide Corp in a report on Monday, June 19th. They issued a “buy” rating and a $114.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $99.22.
In other news, Director George Herrera sold 323 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $97.60, for a total value of $31,524.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.39% of the stock is currently owned by corporate insiders.
Shares of Wyndham Worldwide Corp (NYSE WYN) opened at 100.25 on Monday. Wyndham Worldwide Corp has a 12 month low of $62.60 and a 12 month high of $106.50. The firm 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 cap of $10.30 billion, a P/E ratio of 18.46 and a beta of 1.35.
Wyndham Worldwide Corp (NYSE:WYN) last posted its earnings results on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts anticipate 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 given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Wednesday, August 23rd. Wyndham Worldwide Corp’s payout ratio is 43.04%.
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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