Markston International LLC maintained its stake in shares of Wyndham Worldwide Corp. (NYSE:WYN) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,300 shares of the company’s stock at the end of the second quarter. Markston International LLC’s holdings in Wyndham Worldwide Corp. were worth $378,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of Wyndham Worldwide Corp. by 0.3% in the first quarter. IFP Advisors Inc now owns 1,370 shares of the company’s stock worth $105,000 after buying an additional 4 shares during the period. Acadian Asset Management LLC bought a new position in Wyndham Worldwide Corp. during the first quarter valued at about $270,000. Acrospire Investment Management LLC bought a new position in Wyndham Worldwide Corp. during the first quarter valued at about $275,000. Winslow Evans & Crocker Inc. raised its position in Wyndham Worldwide Corp. by 19.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,956 shares of the company’s stock valued at $282,000 after buying an additional 637 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in Wyndham Worldwide Corp. during the first quarter valued at about $346,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.
Wyndham Worldwide Corp. (NYSE:WYN) traded up 0.40% during midday trading on Friday, hitting $67.33. 1,598,687 shares of the stock traded hands. Wyndham Worldwide Corp. has a 12 month low of $60.59 and a 12 month high of $82.99. The stock has a market cap of $7.40 billion, a PE ratio of 13.31 and a beta of 1.30. The company has a 50-day moving average of $69.38 and a 200-day moving average of $71.37.
Wyndham Worldwide Corp. (NYSE:WYN) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. Wyndham Worldwide Corp. had a return on equity of 67.58% and a net margin of 10.43%. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Wyndham Worldwide Corp. will post $5.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Wednesday, August 24th. Wyndham Worldwide Corp.’s payout ratio is 39.60%.
WYN has been the subject of several recent analyst reports. Goldman Sachs Group Inc. initiated coverage on Wyndham Worldwide Corp. in a research report on Monday. They issued a “neutral” rating and a $72.00 price target for the company. Zacks Investment Research raised Wyndham Worldwide Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Wolfe Research initiated coverage on Wyndham Worldwide Corp. in a research report on Wednesday, July 6th. They issued an “outperform” rating for the company. Telsey Advisory Group lowered their price target on Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Finally, MKM Partners reaffirmed a “buy” rating on shares of Wyndham Worldwide Corp. in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $80.11.
In other news, Director George Herrera sold 463 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $71.71, for a total value of $33,201.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.03% of the stock is 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.
Want to see what other hedge funds are holding WYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Worldwide Corp. (NYSE:WYN).
Receive News & Ratings for Wyndham Worldwide Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Worldwide Corp. and related companies with MarketBeat.com's FREE daily email newsletter.