Northpointe Capital LLC increased its position in shares of Wyndham Worldwide Corp. (NYSE:WYN) by 36.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,847 shares of the company’s stock after buying an additional 7,383 shares during the period. Northpointe Capital LLC’s holdings in Wyndham Worldwide Corp. were worth $1,984,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in WYN. Bank of Montreal Can bought a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth about $119,968,000. PGGM Investments raised its stake in shares of 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 during the period. Check Capital Management Inc. CA bought a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth about $14,991,000. Nordea Investment Management AB raised its stake in shares of Wyndham Worldwide Corp. by 19.4% in the second quarter. Nordea Investment Management AB now owns 1,180,734 shares of the company’s stock worth $84,104,000 after buying an additional 191,885 shares during the period. Finally, Credit Agricole S A raised its stake in shares of Wyndham Worldwide Corp. by 237.3% in the first quarter. Credit Agricole S A now owns 207,906 shares of the company’s stock worth $15,890,000 after buying an additional 146,259 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) traded up 0.13% during mid-day trading on Thursday, reaching $67.05. The company had a trading volume of 782,540 shares. The company has a market capitalization of $7.37 billion, a PE ratio of 13.26 and a beta of 1.26. Wyndham Worldwide Corp. has a 1-year low of $60.59 and a 1-year high of $82.99. The stock’s 50-day moving average price is $69.07 and its 200 day moving average price is $71.01.
Wyndham Worldwide Corp. (NYSE:WYN) last issued its earnings results on Wednesday, July 27th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The company earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Wyndham Worldwide Corp. had a return on equity of 67.58% and a net margin of 10.43%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. Equities analysts expect that Wyndham Worldwide Corp. will post $5.73 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 26th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.98%. The ex-dividend date was Wednesday, August 24th. Wyndham Worldwide Corp.’s payout ratio is currently 39.60%.
A number of equities research analysts have issued reports on WYN shares. Goldman Sachs Group Inc. started coverage on shares of Wyndham Worldwide Corp. in a report on Monday, September 26th. They set a “neutral” rating and a $72.00 price objective for the company. Zacks Investment Research raised shares of Wyndham Worldwide Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Wolfe Research started coverage on shares of Wyndham Worldwide Corp. in a report on Wednesday, July 6th. They set an “outperform” rating for the company. Telsey Advisory Group cut their price objective on shares of Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Finally, MKM Partners reissued a “buy” rating on shares of Wyndham Worldwide Corp. in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $80.11.
In other Wyndham Worldwide Corp. news, Director George Herrera sold 463 shares of the company’s stock in a transaction on 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 company 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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