Wyndham Worldwide Corp (WYN) Director George Herrera Sells 311 Shares
Wyndham Worldwide Corp (NYSE:WYN) Director George Herrera sold 311 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
George Herrera also recently made the following trade(s):
- On Friday, August 11th, George Herrera sold 323 shares of Wyndham Worldwide Corp stock. The stock was sold at an average price of $97.60, for a total value of $31,524.80.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. Wyndham Worldwide Corp had a net margin of 10.20% and a return on equity of 97.31%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis.
Wyndham Worldwide Corp announced that its Board of Directors has initiated a share buyback program on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in WYN. FMR LLC boosted its position in Wyndham Worldwide Corp by 88.5% during the second quarter. FMR LLC now owns 9,483,756 shares of the company’s stock worth $952,263,000 after acquiring an additional 4,451,772 shares during the last quarter. Elliott Management Corp acquired a new stake in Wyndham Worldwide Corp during the second quarter worth approximately $80,329,000. Bank of Nova Scotia boosted its position in Wyndham Worldwide Corp by 2,145.9% during the second quarter. Bank of Nova Scotia now owns 543,207 shares of the company’s stock worth $54,542,000 after acquiring an additional 519,020 shares during the last quarter. Nomura Holdings Inc. boosted its position in Wyndham Worldwide Corp by 19,823.1% during the second quarter. Nomura Holdings Inc. now owns 515,011 shares of the company’s stock worth $51,746,000 after acquiring an additional 512,426 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in Wyndham Worldwide Corp by 38.8% during the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock worth $178,650,000 after acquiring an additional 497,029 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.
Several equities research analysts recently issued reports on the company. BidaskClub cut Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Telsey Advisory Group cut Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective on the stock. in a report on Friday, August 4th. Finally, Zacks Investment Research cut Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $108.29.
Wyndham Worldwide Corp Company Profile
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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