Stone Ridge Asset Management LLC bought a new position in shares of Wyndham Worldwide Co. (NYSE:WYN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,633 shares of the company’s stock, valued at approximately $3,086,000.
Other large investors also recently modified their holdings of the company. Calton & Associates Inc. purchased a new position in shares of Wyndham Worldwide during the fourth quarter worth approximately $103,000. Gradient Investments LLC purchased a new position in shares of Wyndham Worldwide during the fourth quarter worth approximately $163,000. Tower Research Capital LLC TRC increased its position in shares of Wyndham Worldwide by 790.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock worth $187,000 after acquiring an additional 1,431 shares during the period. Reliance Trust Co. of Delaware purchased a new position in shares of Wyndham Worldwide during the fourth quarter worth approximately $205,000. Finally, Jane Street Group LLC purchased a new position in shares of Wyndham Worldwide during the third quarter worth approximately $209,000. 92.98% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on WYN. SunTrust Banks raised their target price on shares of Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price objective on shares of Wyndham Worldwide in a research note on Friday, January 19th. Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Macquarie began coverage on shares of Wyndham Worldwide in a research note on Friday, January 5th. They set an “underperform” rating on the stock. Finally, Jefferies Group began coverage on shares of Wyndham Worldwide in a research note on Friday, January 19th. They set a “buy” rating and a $202.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.44.
Wyndham Worldwide Co. (WYN) opened at $121.09 on Monday. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.03 and a current ratio of 1.17. Wyndham Worldwide Co. has a one year low of $81.16 and a one year high of $127.96. The stock has a market cap of $12,075.51, a P/E ratio of 19.56 and a beta of 1.38.
Wyndham Worldwide (NYSE:WYN) last announced its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. Wyndham Worldwide’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.35 earnings per share. analysts predict that Wyndham Worldwide Co. will post 7.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.18%. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, March 14th. Wyndham Worldwide’s dividend payout ratio (DPR) is 27.42%.
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About Wyndham Worldwide
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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