Insider Selling: Franz S. Hanning Sells 39,751 Shares of Wyndham Worldwide Stock (WYN)
Wyndham Worldwide (NYSE:WYN) CEO Franz S. Hanning sold 39,751 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $80.00, for a total transaction of $3,180,080.00. 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 filing with the Securities & Exchange Commission, which can be accessed through 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 assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $82.09.
Shares of Wyndham Worldwide (NYSE:WYN) traded up 0.91% on Monday, hitting $80.27. 1,208,133 shares of the company’s stock traded hands. Wyndham Worldwide has a 52-week low of $58.00 and a 52-week high of $80.61. The stock’s 50-day moving average is $77.34 and its 200-day moving average is $73.87. The company has a market cap of $10.034 billion and a P/E ratio of 20.16.
Wyndham Worldwide (NYSE:WYN) last released its earnings data on Thursday, July 24th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter 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 1.74%. 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.
Receive News & Ratings for Wyndham Worldwide Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Worldwide Co and related companies with Analyst Ratings Network's FREE daily email newsletter.