Wyndham Worldwide CEO Franz S. Hanning Sells 18,409 Shares (WYN)
Wyndham Worldwide (NYSE:WYN) CEO Franz S. Hanning sold 18,409 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $80.00, for a total value of $1,472,720.00. Following the completion of the sale, the chief executive officer now directly owns 114,140 shares in the company, valued at approximately $9,131,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Wyndham Worldwide (NYSE:WYN) traded down 0.52% during mid-day trading on Wednesday, hitting $78.775. 54,419 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 has a 50-day moving average of $76.96 and a 200-day moving average of $73.59. The company has a market cap of $9.847 billion and a price-to-earnings ratio of 20.07.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.17 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.98 earnings per share. Wyndham Worldwide’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that Wyndham Worldwide will post $4.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, August 19th.
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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Wyndham Worldwide has an average rating of “Buy” and an average price target of $82.09.
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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