Pacer Advisors Inc. Acquires Shares of 37,587 Wyndham Destinations (NYSE:WYND)
Pacer Advisors Inc. acquired a new stake in Wyndham Destinations (NYSE:WYND) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,587 shares of the company’s stock, valued at approximately $1,650,000.
Several other large investors have also added to or reduced their stakes in the company. ClariVest Asset Management LLC acquired a new stake in Wyndham Destinations during the 1st quarter worth about $10,649,000. Diligent Investors LLC acquired a new position in shares of Wyndham Destinations during the 2nd quarter worth approximately $333,000. Meiji Yasuda Life Insurance Co acquired a new position in shares of Wyndham Destinations during the 1st quarter worth approximately $615,000. Duncker Streett & Co. Inc. purchased a new position in shares of Wyndham Destinations during the 2nd quarter valued at approximately $152,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Wyndham Destinations during the 2nd quarter valued at approximately $3,474,000. Hedge funds and other institutional investors own 88.72% of the company’s stock.
WYND has been the topic of a number of research analyst reports. Zacks Investment Research reissued a “hold” rating and issued a $49.00 price target on shares of Wyndham Destinations in a report on Sunday. SunTrust Banks set a $75.00 price objective on shares of Wyndham Destinations and gave the company a “buy” rating in a report on Wednesday, July 31st. Nomura lifted their target price on shares of Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Wyndham Destinations from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, Jefferies Financial Group set a $62.00 price target on shares of Wyndham Destinations and gave the stock a “buy” rating in a research report on Friday, August 30th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.07.
Shares of Wyndham Destinations stock traded down $0.40 during trading hours on Wednesday, hitting $48.50. The company’s stock had a trading volume of 12,844 shares, compared to its average volume of 711,803. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.13 and a beta of 1.53. Wyndham Destinations has a twelve month low of $33.55 and a twelve month high of $49.75. The firm has a fifty day moving average of $43.22 and a 200-day moving average of $43.21.
Wyndham Destinations (NYSE:WYND) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. Wyndham Destinations had a negative return on equity of 90.37% and a net margin of 11.67%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. Equities analysts predict that Wyndham Destinations will post 5.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.80 annualized dividend and a yield of 3.71%. Wyndham Destinations’s dividend payout ratio (DPR) is presently 38.38%.
Wyndham Destinations Company Profile
Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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