Oregon Public Employees Retirement Fund Raises Holdings in Wyndham Worldwide Corp (WYN)
Oregon Public Employees Retirement Fund raised its position in Wyndham Worldwide Corp (NYSE:WYN) by 200.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,512 shares of the company’s stock after buying an additional 23,010 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Wyndham Worldwide Corp were worth $3,638,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of WYN. FMR LLC raised its stake in shares of Wyndham Worldwide Corp by 88.5% in the second quarter. FMR LLC now owns 9,483,756 shares of the company’s stock valued at $952,263,000 after buying an additional 4,451,772 shares during the period. Elliott Management Corp purchased a new position in shares of Wyndham Worldwide Corp in the second quarter valued at $80,329,000. Bank of Nova Scotia grew its position in shares of Wyndham Worldwide Corp by 2,145.9% in the second quarter. Bank of Nova Scotia now owns 543,207 shares of the company’s stock valued at $54,542,000 after purchasing an additional 519,020 shares in the last quarter. Nomura Holdings Inc. grew its position in shares of Wyndham Worldwide Corp by 19,823.1% in the second quarter. Nomura Holdings Inc. now owns 515,011 shares of the company’s stock valued at $51,746,000 after purchasing an additional 512,426 shares in the last quarter. Finally, Bessemer Group Inc. grew 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 purchasing an additional 497,029 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.
Several equities analysts recently commented on the company. Telsey Advisory Group cut 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 report on Friday, August 4th. Zacks Investment Research cut Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, BidaskClub cut Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Wyndham Worldwide Corp currently has a consensus rating of “Hold” and an average target price of $108.29.
In other Wyndham Worldwide Corp news, Director George Herrera sold 311 shares of Wyndham Worldwide Corp stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.39% of the company’s stock.
Shares of Wyndham Worldwide Corp (NYSE WYN) opened at $106.07 on Friday. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96. Wyndham Worldwide Corp has a 52 week low of $68.61 and a 52 week high of $110.74. The stock has a market capitalization of $10,835.82, a PE ratio of 17.68 and a beta of 1.35.
Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide Corp had a return on equity of 97.31% and a net margin of 10.20%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. sell-side analysts forecast that Wyndham Worldwide Corp will post 6.04 EPS for the current year.
Wyndham Worldwide Corp announced that its board has authorized a share repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, November 24th. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is currently 41.58%.
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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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