Insider Selling: Geoffrey A. Ballotti Sells 3,899 Shares of Wyndham Worldwide Stock (WYN)
Wyndham Worldwide (NYSE:WYN) CEO Geoffrey A. Ballotti sold 3,899 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $75.00, for a total transaction of $292,425.00. Following the transaction, the chief executive officer now directly owns 107,771 shares of the company’s stock, valued at approximately $8,082,825. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Wyndham Worldwide (NYSE:WYN) traded down 0.22% on Tuesday, hitting $74.20. The stock had a trading volume of 1,305,654 shares. Wyndham Worldwide has a 52-week low of $52.84 and a 52-week high of $76.63. The stock’s 50-day moving average is $72.52 and its 200-day moving average is $72.23. The company has a market cap of $9.423 billion and a P/E ratio of 19.90.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Wyndham Worldwide will post $4.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, May 28th.
A number of analysts have recently weighed in on WYN shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Wyndham Worldwide from $82.00 to $85.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Wyndham Worldwide from $71.00 to $81.00 in a research note on Friday, May 30th. Finally, analysts at FBR Capital Markets raised their price target on shares of Wyndham Worldwide from $10.00 to $95.00 in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Wyndham Worldwide presently has an average rating of “Buy” and an average price target of $79.80.
Wyndham Worldwide Corporation is a hospitality company. The Company offers individual consumers and business customers an array of hospitality services and products across various accommodation alternatives and price ranges through its portfolio of brands.
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