BlackRock Advisors LLC boosted its position in shares of Wyndham Worldwide Corp. (NYSE:WYN) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,532 shares of the company’s stock after buying an additional 19,941 shares during the period. BlackRock Advisors LLC owned about 0.28% of Wyndham Worldwide Corp. worth $21,691,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. LSV Asset Management raised its stake in Wyndham Worldwide Corp. by 1,165.1% in the second quarter. LSV Asset Management now owns 2,943,874 shares of the company’s stock worth $209,692,000 after buying an additional 2,711,174 shares in the last quarter. Bank of Montreal Can purchased a new stake in Wyndham Worldwide Corp. during the second quarter worth about $119,968,000. Prudential Financial Inc. raised its stake in Wyndham Worldwide Corp. by 426.9% in the first quarter. Prudential Financial Inc. now owns 1,537,095 shares of the company’s stock worth $117,479,000 after buying an additional 1,245,350 shares in the last quarter. Norges Bank purchased a new stake in Wyndham Worldwide Corp. during the fourth quarter worth about $77,119,000. Finally, PGGM Investments raised its stake in Wyndham Worldwide Corp. by 543.2% in the second quarter. PGGM Investments now owns 509,375 shares of the company’s stock worth $36,283,000 after buying an additional 430,180 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) opened at 67.15 on Tuesday. The company has a market capitalization of $7.38 billion, a P/E ratio of 13.28 and a beta of 1.30. The firm has a 50-day moving average of $69.58 and a 200 day moving average of $71.50. Wyndham Worldwide Corp. has a 52-week low of $60.59 and a 52-week high of $82.99.
Wyndham Worldwide Corp. (NYSE:WYN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.03. Wyndham Worldwide Corp. had a net margin of 10.43% and a return on equity of 67.58%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $1.32 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that Wyndham Worldwide Corp. will post $5.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.98%. Wyndham Worldwide Corp.’s dividend payout ratio (DPR) is presently 39.60%.
WYN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Goldman Sachs Group Inc. initiated coverage on shares of Wyndham Worldwide Corp. in a report on Monday. They set a “neutral” rating and a $72.00 price target on the stock. Wolfe Research initiated coverage on shares of Wyndham Worldwide Corp. in a report on Wednesday, July 6th. They set an “outperform” rating on the stock. Telsey Advisory Group cut their price target on shares of Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Finally, MKM Partners restated a “buy” rating on shares of Wyndham Worldwide Corp. in a report on Thursday, July 28th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $80.11.
In other news, Director George Herrera sold 463 shares of Wyndham Worldwide Corp. stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $71.71, for a total value of $33,201.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.03% of the stock is currently owned by insiders.
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: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.
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