Guggenheim Capital LLC boosted its stake in shares of Wyndham Worldwide Co. (NYSE:WYN) by 52.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 542,037 shares of the company’s stock after buying an additional 185,409 shares during the period. Guggenheim Capital LLC owned approximately 0.53% of Wyndham Worldwide worth $62,804,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in WYN. Calton & Associates Inc. acquired a new stake in Wyndham Worldwide during the 4th quarter worth approximately $103,000. Gradient Investments LLC bought a new position in shares of Wyndham Worldwide during the 4th quarter worth approximately $163,000. Tower Research Capital LLC TRC grew its stake in shares of Wyndham Worldwide by 790.6% during the 4th 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 in the last quarter. Reliance Trust Co. of Delaware bought a new position in shares of Wyndham Worldwide during the 4th quarter worth approximately $205,000. Finally, Jane Street Group LLC bought a new position in shares of Wyndham Worldwide during the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 92.98% of the company’s stock.
In related news, Director George Herrera sold 270 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $121.76, for a total value of $32,875.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Myra J. Biblowit sold 2,500 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $121.00, for a total transaction of $302,500.00. Following the completion of the transaction, the director now directly owns 7,924 shares of the company’s stock, valued at $958,804. The disclosure for this sale can be found here. Insiders sold 34,891 shares of company stock valued at $4,042,356 over the last three months. 2.39% of the stock is owned by company insiders.
Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $1.35 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. research analysts anticipate that Wyndham Worldwide Co. will post 7.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, March 14th. This is a boost from Wyndham Worldwide’s previous quarterly dividend of $0.58. This represents a $2.64 annualized dividend and a dividend yield of 2.23%. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 60.10%.
WYN has been the subject of several research reports. Stifel Nicolaus raised their price target on shares of Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. SunTrust Banks raised their price target on shares of Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Jefferies Group initiated coverage on shares of Wyndham Worldwide in a research note on Friday, January 19th. They set a “buy” rating and a $202.00 price target for the company. Finally, Goldman Sachs Group raised shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Wyndham Worldwide presently has a consensus rating of “Buy” and a consensus target price of $123.44.
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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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