Goldman Sachs Group Inc. initiated coverage on shares of Wyndham Worldwide Corp. (NYSE:WYN) in a research report sent to investors on Monday morning. The brokerage issued a neutral rating and a $72.00 target price on the stock.
WYN has been the subject of a number of other reports. Zacks Investment Research upgraded Wyndham Worldwide Corp. from a sell rating to a hold rating in a research report on Friday, July 29th. Wolfe Research assumed coverage on Wyndham Worldwide Corp. in a research report on Wednesday, July 6th. They issued an outperform rating for the company. Deutsche Bank AG lowered their price target on Wyndham Worldwide Corp. from $64.00 to $62.00 and set a hold rating for the company in a research report on Thursday, July 28th. 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 restated a buy rating on shares of Wyndham Worldwide Corp. in a research 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 given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $80.11.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) opened at 67.06 on Monday. Wyndham Worldwide Corp. has a 52-week low of $60.59 and a 52-week high of $82.99. The stock has a 50 day moving average of $69.38 and a 200-day moving average of $71.37. The stock has a market capitalization of $7.37 billion, a P/E ratio of 13.26 and a beta of 1.30.
Wyndham Worldwide Corp. (NYSE:WYN) last posted its earnings results on Wednesday, July 27th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Wyndham Worldwide Corp. had a return on equity of 67.58% and a net margin of 10.43%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 EPS. Analysts predict that Wyndham Worldwide Corp. will post $5.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.98%. Wyndham Worldwide Corp.’s dividend payout ratio (DPR) is 39.60%.
In other news, Director George Herrera sold 463 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $71.71, for a total transaction of $33,201.73. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.03% of the company’s stock.
Several institutional investors have recently made changes to their positions in WYN. Norges Bank purchased a new position in shares of Wyndham Worldwide Corp. during the fourth quarter valued at approximately $77,119,000. Chevy Chase Trust Holdings Inc. raised its position in shares of Wyndham Worldwide Corp. by 1.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 95,211 shares of the company’s stock valued at $7,277,000 after buying an additional 1,130 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Wyndham Worldwide Corp. by 15.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,449 shares of the company’s stock valued at $2,098,000 after buying an additional 3,650 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Wyndham Worldwide Corp. by 5.3% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 27,393 shares of the company’s stock valued at $2,094,000 after buying an additional 1,369 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Wyndham Worldwide Corp. during the first quarter valued at approximately $270,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.
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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