ProShare Advisors LLC Buys 128 Shares of Wyndham Worldwide Corp (WYN)
ProShare Advisors LLC lifted its holdings in shares of Wyndham Worldwide Corp (NYSE:WYN) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,622 shares of the company’s stock after buying an additional 128 shares during the quarter. ProShare Advisors LLC’s holdings in Wyndham Worldwide Corp were worth $2,874,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Creative Planning raised its stake in shares of Wyndham Worldwide Corp by 0.7% during the 2nd quarter. Creative Planning now owns 6,182 shares of the company’s stock worth $621,000 after buying an additional 42 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of Wyndham Worldwide Corp by 1.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 3,284 shares of the company’s stock worth $330,000 after buying an additional 43 shares during the period. BB&T Securities LLC raised its stake in shares of Wyndham Worldwide Corp by 2.3% during the 2nd quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after buying an additional 56 shares during the period. Empirical Finance LLC raised its stake in shares of Wyndham Worldwide Corp by 0.5% during the 2nd quarter. Empirical Finance LLC now owns 12,758 shares of the company’s stock worth $1,282,000 after buying an additional 63 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Wyndham Worldwide Corp by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock worth $167,000 after buying an additional 66 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.
Wyndham Worldwide Corp (NYSE:WYN) opened at 105.23 on Monday. The company has a 50-day moving average price of $99.50 and a 200 day moving average price of $96.05. Wyndham Worldwide Corp has a 1-year low of $62.60 and a 1-year high of $106.50. The firm has a market capitalization of $10.82 billion, a P/E ratio of 19.38 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, topping the Zacks’ consensus estimate of $1.50 by $0.03. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. Wyndham Worldwide Corp’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 earnings per share. Analysts expect that Wyndham Worldwide Corp will post $6.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $2.32 dividend on an annualized basis and a yield of 2.20%. Wyndham Worldwide Corp’s payout ratio is 43.04%.
In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $97.60, for a total transaction of $31,524.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.39% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on WYN shares. BidaskClub raised Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a research note 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 for the company in a research note on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $110.00 target price (up from $108.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, June 22nd. Buckingham Research started coverage on Wyndham Worldwide Corp in a research note on Monday, June 19th. They set a “buy” rating and a $114.00 target price 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 target price for the company. in a research note on Friday, August 4th. 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of $99.22.
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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