Canada Pension Plan Investment Board Buys 58,906 Shares of Wyndham Worldwide Corp (NYSE:WYN)

Canada Pension Plan Investment Board increased its position in Wyndham Worldwide Corp (NYSE:WYN) by 23.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,810 shares of the company’s stock after acquiring an additional 58,906 shares during the quarter. Canada Pension Plan Investment Board owned about 0.30% of Wyndham Worldwide Corp worth $32,762,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WYN. Vanguard Group Inc. boosted its position 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 valued at $1,049,218,000 after acquiring an additional 50,307 shares during the last quarter. FMR LLC raised its holdings in Wyndham Worldwide Corp by 88.5% during the 2nd quarter. FMR LLC now owns 9,483,756 shares of the company’s stock valued at $952,263,000 after buying an additional 4,451,772 shares during the period. BlackRock Inc. raised its holdings in Wyndham Worldwide Corp by 1.3% during the 2nd quarter. BlackRock Inc. now owns 6,586,534 shares of the company’s stock valued at $661,354,000 after buying an additional 83,501 shares during the period. LSV Asset Management raised its holdings in Wyndham Worldwide Corp by 1.7% during the 2nd quarter. LSV Asset Management now owns 3,201,503 shares of the company’s stock valued at $321,462,000 after buying an additional 54,923 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Wyndham Worldwide Corp by 38.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock valued at $178,650,000 after buying an additional 497,029 shares during the period. Institutional investors and hedge funds own 95.75% of the company’s stock.

Wyndham Worldwide Corp (WYN) opened at $107.54 on Wednesday. The firm has a market capitalization of $10,770.98, a P/E ratio of 17.57 and a beta of 1.35. Wyndham Worldwide Corp has a 12-month low of $70.91 and a 12-month high of $110.74. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00.

Wyndham Worldwide Corp (NYSE:WYN) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.01. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide Corp had a return on equity of 97.31% and a net margin of 10.20%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 earnings per share. equities analysts predict that Wyndham Worldwide Corp will post 6.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders 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 dividend yield of 2.16%. The ex-dividend date is Friday, November 24th. Wyndham Worldwide Corp’s dividend payout ratio is presently 41.58%.

Wyndham Worldwide Corp declared that its board has authorized a share buyback program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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In other news, Director George Herrera sold 311 shares of Wyndham Worldwide Corp stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 SEC, which can be accessed through this link. Insiders own 2.39% of the company’s stock.

A number of analysts have weighed in on the company. Zacks Investment Research lowered Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Telsey Advisory Group downgraded 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 report on Friday, August 4th. Finally, BidaskClub downgraded Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $108.29.

Wyndham Worldwide Corp 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.

Institutional Ownership by Quarter for Wyndham Worldwide Corp (NYSE:WYN)

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