Nomura Asset Management Co. Ltd. boosted its holdings in Wyndham Worldwide Co. (NYSE:WYN) by 104.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,163 shares of the company’s stock after acquiring an additional 14,893 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Wyndham Worldwide were worth $3,379,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Calton & Associates Inc. bought a new position in shares of Wyndham Worldwide during the 4th quarter valued at about $103,000. Gradient Investments LLC bought a new position in shares of Wyndham Worldwide during the 4th quarter valued at about $163,000. Tower Research Capital LLC TRC increased its position 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 valued at $187,000 after purchasing an additional 1,431 shares during the last quarter. Reliance Trust Co. of Delaware bought a new position in shares of Wyndham Worldwide during the 4th quarter valued at about $205,000. Finally, Koch Industries Inc. bought a new position in shares of Wyndham Worldwide during the 4th quarter valued at about $221,000. Institutional investors and hedge funds own 92.98% of the company’s stock.
Several brokerages have recently commented on WYN. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price objective on shares of Wyndham Worldwide in a research report on Friday, January 19th. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group began coverage on Wyndham Worldwide in a research report on Friday, January 19th. They set a “buy” rating and a $202.00 price objective on the stock. Goldman Sachs Group upgraded Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Finally, SunTrust Banks increased their price objective on Wyndham Worldwide to $131.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Wyndham Worldwide currently has an average rating of “Buy” and a consensus price target of $123.44.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings data on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, topping the 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 business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business posted $1.35 EPS. The business’s revenue was up 5.6% on a year-over-year basis. sell-side analysts forecast that Wyndham Worldwide Co. will post 7.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.64 annualized dividend and a yield of 2.23%. This is a boost from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio (DPR) is 60.10%.
In other news, VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $115.00, for a total value of $1,768,815.00. Following the completion of the transaction, the vice president now owns 8,917 shares in the company, valued at approximately $1,025,455. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Geoffrey A. Ballotti sold 8,968 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $114.73, for a total value of $1,028,898.64. Following the completion of the transaction, the chief executive officer now owns 137,784 shares of the company’s stock, valued at approximately $15,807,958.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,891 shares of company stock valued at $4,042,356. Company insiders own 2.39% of the company’s stock.
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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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