Teachers Retirement System of The State of Kentucky raised its stake in Wyndham Worldwide Co. (NYSE:WYN) by 77.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294,764 shares of the company’s stock after purchasing an additional 129,000 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.29% of Wyndham Worldwide worth $34,154,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Investec Asset Management LTD acquired a new stake in shares of Wyndham Worldwide in the fourth quarter valued at approximately $226,144,000. JPMorgan Chase & Co. boosted its holdings in shares of Wyndham Worldwide by 52.3% in the third quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock valued at $213,136,000 after acquiring an additional 695,118 shares during the period. Iridian Asset Management LLC CT boosted its holdings in shares of Wyndham Worldwide by 40.6% in the third quarter. Iridian Asset Management LLC CT now owns 2,188,588 shares of the company’s stock valued at $230,699,000 after acquiring an additional 631,648 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Wyndham Worldwide by 479.7% in the third quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock valued at $76,556,000 after acquiring an additional 600,980 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of Wyndham Worldwide by 52.0% in the fourth quarter. Guggenheim Capital LLC now owns 542,037 shares of the company’s stock valued at $62,804,000 after acquiring an additional 185,409 shares during the period. Institutional investors own 92.98% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on Wyndham Worldwide from $113.00 to $123.00 in a report on Friday, January 5th. They noted that the move was a valuation call. SunTrust Banks increased their price objective on Wyndham Worldwide to $131.00 and gave the company a “buy” rating in a report on Thursday, February 15th. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group assumed coverage on Wyndham Worldwide in a report on Friday, January 19th. They issued a “buy” rating and a $202.00 price objective for the company. Finally, Macquarie assumed coverage on Wyndham Worldwide in a report on Friday, January 5th. They issued an “underperform” rating for the company. One investment 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 stock has an average rating of “Buy” and an average target price of $123.44.
Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $1.35 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts anticipate that Wyndham Worldwide Co. will post 7.03 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, March 14th. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. This represents a $2.64 annualized dividend and a dividend yield of 2.18%. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 27.42%.
In related news, CEO Geoffrey A. Ballotti sold 8,968 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $114.73, for a total transaction of $1,028,898.64. Following the completion of the sale, the chief executive officer now directly owns 137,784 shares of the company’s stock, valued at $15,807,958.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Herrera sold 270 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $121.76, for a total value of $32,875.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,391 shares of company stock valued at $3,739,856. Corporate insiders own 2.39% of the company’s stock.
Wyndham Worldwide 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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