Wyndham Worldwide CEO Geoffrey A. Ballotti Unloads 70,271 Shares (WYN)
Wyndham Worldwide (NYSE:WYN) CEO Geoffrey A. Ballotti unloaded 70,271 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $75.00, for a total value of $5,270,325.00. Following the completion of 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 document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Wyndham Worldwide in a research note on Thursday, June 19th. They now have a $77.00 price target on the stock. Separately, 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, June 6th. They now have an “overweight” rating on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $79.70.
Wyndham Worldwide (NYSE:WYN) traded up 1.54% on Wednesday, hitting $75.25. 626,892 shares of the company’s stock traded hands. Wyndham Worldwide has a 52 week low of $56.37 and a 52 week high of $76.63. The stock has a 50-day moving average of $72.90 and a 200-day moving average of $72.37. The company has a market cap of $9.557 billion and a price-to-earnings ratio of 19.84.
Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.71 earnings per share. Wyndham Worldwide’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Wyndham Worldwide will post $4.36 earnings per share for the current fiscal year.
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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