Colony Group LLC Has $12.13 Million Holdings in Wyndham Worldwide Co. (WYN)
Colony Group LLC reduced its position in Wyndham Worldwide Co. (NYSE:WYN) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,039 shares of the company’s stock after selling 5,146 shares during the quarter. Colony Group LLC owned about 0.11% of Wyndham Worldwide worth $12,126,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. California Public Employees Retirement System grew its holdings in Wyndham Worldwide by 1.7% in the third quarter. California Public Employees Retirement System now owns 387,442 shares of the company’s stock worth $40,840,000 after purchasing an additional 6,609 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Wyndham Worldwide by 4.9% during the third quarter. Janney Montgomery Scott LLC now owns 22,715 shares of the company’s stock valued at $2,394,000 after buying an additional 1,058 shares during the last quarter. Kalos Management Inc. grew its holdings in shares of Wyndham Worldwide by 3.3% during the third quarter. Kalos Management Inc. now owns 30,358 shares of the company’s stock valued at $3,200,000 after buying an additional 969 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Wyndham Worldwide by 479.7% during the third quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock valued at $76,556,000 after buying an additional 600,980 shares during the last quarter. Finally, Caxton Associates LP grew its holdings in shares of Wyndham Worldwide by 12.5% during the third quarter. Caxton Associates LP now owns 5,400 shares of the company’s stock valued at $569,000 after buying an additional 600 shares during the last quarter. 94.13% of the stock is currently owned by institutional investors and hedge funds.
In other Wyndham Worldwide news, Director George Herrera sold 311 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.39% of the stock is owned by insiders.
Wyndham Worldwide (NYSE:WYN) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.89 earnings per share. equities research analysts forecast that Wyndham Worldwide Co. will post 6.04 EPS for the current fiscal year.
Wyndham Worldwide announced that its board has approved a stock repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, November 24th. Wyndham Worldwide’s dividend payout ratio (DPR) is presently 41.65%.
Separately, Zacks Investment Research lowered shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Wyndham Worldwide presently has a consensus rating of “Hold” and a consensus target price of $108.29.
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About Wyndham Worldwide
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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