Insider Selling: Franz S. Hanning Sells 18,409 Shares of Wyndham Worldwide Stock (WYN)
Wyndham Worldwide (NYSE:WYN) CEO Franz S. Hanning unloaded 18,409 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $80.00, for a total transaction of $1,472,720.00. Following the transaction, the chief executive officer now directly owns 114,140 shares of the company’s stock, valued at approximately $9,131,200. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on WYN. Analysts at MKM Partners raised their price target on shares of Wyndham Worldwide from $82.00 to $96.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wyndham Worldwide in a research note on Monday, July 28th. They now have a $82.00 price target on the stock. Finally, analysts at JMP Securities reiterated a “market outperform” rating on shares of Wyndham Worldwide in a research note on Friday, July 25th. They now have a $90.00 price target on the stock, up previously from $84.00. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $82.09.
Wyndham Worldwide (NYSE:WYN) traded up 0.62% on Monday, hitting $79.68. 881,967 shares of the company’s stock traded hands. Wyndham Worldwide has a 52-week low of $58.00 and a 52-week high of $80.00. The stock’s 50-day moving average is $76.86 and its 200-day moving average is $73.53. The company has a market cap of $9.960 billion and a price-to-earnings ratio of 20.07.
Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.14 by $0.03. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that Wyndham Worldwide will post $4.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, August 19th.
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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