George Herrera Sells 323 Shares of Wyndham Worldwide Corp (NYSE:WYN) Stock
Wyndham Worldwide Corp (NYSE:WYN) Director George Herrera sold 323 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $97.60, for a total value of $31,524.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Wyndham Worldwide Corp (NYSE WYN) traded up 1.42% during trading on Monday, reaching $98.71. 1,024,546 shares of the company’s stock were exchanged. Wyndham Worldwide Corp has a 1-year low of $62.60 and a 1-year high of $106.50. The company’s 50-day moving average is $102.06 and its 200-day moving average is $93.02. The company has a market capitalization of $10.15 billion, a PE ratio of 18.18 and a beta of 1.34.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.03. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 earnings per share. Equities research analysts expect that Wyndham Worldwide Corp will post $6.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be given a $0.58 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $2.32 dividend on an annualized basis and a yield of 2.35%. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is presently 43.04%.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Wyndham Worldwide Corp by 0.5% in the second quarter. Vanguard Group Inc. now owns 10,449,345 shares of the company’s stock worth $1,049,218,000 after buying an additional 50,307 shares in the last quarter. FMR LLC increased its position in shares of Wyndham Worldwide Corp by 88.5% in the second quarter. FMR LLC now owns 9,483,756 shares of the company’s stock worth $952,263,000 after buying an additional 4,451,772 shares in the last quarter. BlackRock Inc. increased its position in shares of Wyndham Worldwide Corp by 1.3% in the second quarter. BlackRock Inc. now owns 6,586,534 shares of the company’s stock worth $661,354,000 after buying an additional 83,501 shares in the last quarter. LSV Asset Management increased its position in shares of Wyndham Worldwide Corp by 1.7% in the second quarter. LSV Asset Management now owns 3,201,503 shares of the company’s stock worth $321,462,000 after buying an additional 54,923 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Wyndham Worldwide Corp by 38.8% in the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock worth $178,650,000 after buying an additional 497,029 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.
Several analysts recently issued reports on the company. BidaskClub downgraded Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Telsey Advisory Group downgraded Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a report on Friday, August 4th. MKM Partners reiterated a “buy” rating and issued a $111.00 price target (up from $95.00) on shares of Wyndham Worldwide Corp in a report on Wednesday, April 26th. Stifel Nicolaus lowered their price target on Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating for the company in a report on Monday, May 1st. Finally, Buckingham Research assumed coverage on Wyndham Worldwide Corp in a report on Monday, June 19th. They issued a “buy” rating and a $114.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $99.22.
About Wyndham Worldwide Corp
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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