Investors Buy Wyndham Worldwide (WYN) on Weakness
Traders bought shares of Wyndham Worldwide Co. (NYSE:WYN) on weakness during trading on Monday. $36.25 million flowed into the stock on the tick-up and $11.20 million flowed out of the stock on the tick-down, for a money net flow of $25.05 million into the stock. Of all equities tracked, Wyndham Worldwide had the 25th highest net in-flow for the day. Wyndham Worldwide traded down ($0.31) for the day and closed at $112.74
Separately, Zacks Investment Research downgraded 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 given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $108.29.
The company has a market cap of $11,454.93, a P/E ratio of 18.69 and a beta of 1.35. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.32 annualized dividend and a yield of 2.06%. Wyndham Worldwide’s payout ratio is 41.58%.
Wyndham Worldwide declared that its board has approved a stock buyback program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director George Herrera sold 311 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.39% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYN. Janus Henderson Group PLC boosted its position in shares of Wyndham Worldwide by 861.3% during the 2nd quarter. Janus Henderson Group PLC now owns 125,294 shares of the company’s stock worth $12,581,000 after acquiring an additional 112,260 shares in the last quarter. Lipe & Dalton acquired a new position in shares of Wyndham Worldwide during the 2nd quarter worth about $3,463,000. State of Tennessee Treasury Department boosted its position in shares of Wyndham Worldwide by 16.6% during the 2nd quarter. State of Tennessee Treasury Department now owns 101,473 shares of the company’s stock worth $10,189,000 after acquiring an additional 14,437 shares in the last quarter. Freestone Capital Holdings LLC boosted its position in shares of Wyndham Worldwide by 9.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 43,772 shares of the company’s stock worth $4,395,000 after acquiring an additional 3,614 shares in the last quarter. Finally, AXA boosted its position in shares of Wyndham Worldwide by 91.0% during the 2nd quarter. AXA now owns 432,100 shares of the company’s stock worth $43,387,000 after acquiring an additional 205,900 shares in the last quarter. 94.13% of the stock is owned by hedge funds and other institutional investors.
Wyndham Worldwide 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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