Mutual of America Capital Management LLC reduced its holdings in Wyndham Worldwide Corp (NYSE:WYN) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,494 shares of the company’s stock after selling 3,537 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Wyndham Worldwide Corp were worth $2,793,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Wyndham Worldwide Corp by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,449,345 shares of the company’s stock worth $1,049,218,000 after acquiring an additional 50,307 shares in the last quarter. FMR LLC boosted its position in shares of Wyndham Worldwide Corp by 88.5% in the second quarter. FMR LLC now owns 9,483,756 shares of the company’s stock worth $952,263,000 after buying an additional 4,451,772 shares during the period. BlackRock Inc. boosted its position in shares of Wyndham Worldwide Corp by 1.3% in the second quarter. BlackRock Inc. now owns 6,586,534 shares of the company’s stock worth $661,354,000 after buying an additional 83,501 shares during the period. LSV Asset Management boosted its position in shares of Wyndham Worldwide Corp by 1.7% in the second quarter. LSV Asset Management now owns 3,201,503 shares of the company’s stock worth $321,462,000 after buying an additional 54,923 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Wyndham Worldwide Corp by 38.8% in the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock worth $178,650,000 after buying an additional 497,029 shares during the period. Hedge funds and other institutional investors own 95.75% of the company’s stock.
In related news, Director George Herrera sold 311 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.39% of the stock is currently owned by corporate insiders.
Wyndham Worldwide Corp (NYSE WYN) traded up $0.23 during trading hours on Tuesday, hitting $106.30. 1,128,100 shares of the stock were exchanged, compared to its average volume of 1,133,256. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 9.00. Wyndham Worldwide Corp has a 52 week low of $69.76 and a 52 week high of $110.74. The company has a market capitalization of $10,747.67, a PE ratio of 17.53 and a beta of 1.35.
Wyndham Worldwide Corp (NYSE:WYN) last issued its 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 company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts anticipate that Wyndham Worldwide Corp will post 6.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, November 24th. Wyndham Worldwide Corp’s payout ratio is presently 41.58%.
Wyndham Worldwide Corp announced that its Board of Directors has initiated a share buyback plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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WYN has been the subject of several recent research reports. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating and set a $124.00 price objective for the company in a report on Thursday, October 12th. BidaskClub lowered Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Telsey Advisory Group lowered Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective on the stock. in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Wyndham Worldwide Corp currently has an average rating of “Hold” and an average price target of $108.29.
About Wyndham Worldwide Corp
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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