Northern Capital Management LLC increased its position in shares of Wyndham Worldwide Corp. (NYSE:WYN) by 59.8% during the second quarter, Holdings Channel reports. The firm owned 40,345 shares of the company’s stock after buying an additional 15,105 shares during the period. Wyndham Worldwide Corp. accounts for approximately 1.3% of Northern Capital Management LLC’s holdings, making the stock its 24th largest position. Northern Capital Management LLC’s holdings in Wyndham Worldwide Corp. were worth $2,874,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. IFP Advisors Inc raised 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 stake in shares of Wyndham Worldwide Corp. during the first quarter worth about $270,000. Acrospire Investment Management LLC bought a new stake in shares of Wyndham Worldwide Corp. during the first quarter worth about $275,000. Winslow Evans & Crocker Inc. raised its stake in shares of Wyndham Worldwide Corp. by 19.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,956 shares of the company’s stock worth $282,000 after buying an additional 637 shares during the period. Finally, ING Groep NV bought a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth about $284,000. Institutional investors and hedge funds own 97.76% of the company’s stock.
Wyndham Worldwide Corp. (NYSE:WYN) traded up 0.40% on Friday, reaching $67.33. 1,598,687 shares of the company’s stock traded hands. Wyndham Worldwide Corp. has a 52-week low of $60.59 and a 52-week high of $82.99. The firm’s 50-day moving average is $69.38 and its 200 day moving average is $71.37. The stock has a market capitalization of $7.40 billion, a PE ratio of 13.31 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $1.32 EPS. Wyndham Worldwide Corp.’s revenue was up .4% compared to the same quarter last year. Analysts forecast that Wyndham Worldwide Corp. will post $5.73 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 26th were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $2.00 dividend on an annualized basis and a yield of 2.97%. Wyndham Worldwide Corp.’s payout ratio is presently 39.60%.
A number of brokerages have recently issued reports on WYN. Deutsche Bank AG restated a “hold” rating on shares of Wyndham Worldwide Corp. in a research note on Sunday, June 26th. MKM Partners restated a “buy” rating on shares of Wyndham Worldwide Corp. in a research note on Thursday, July 28th. Zacks Investment Research lowered shares of Wyndham Worldwide Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday. Telsey Advisory Group cut their target price on shares of Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. Finally, Wolfe Research assumed coverage on shares of Wyndham Worldwide Corp. in a research note on Wednesday, July 6th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.11.
In related news, Director George Herrera sold 463 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is available through this hyperlink. 2.03% of the stock is currently owned by corporate insiders.
Wyndham Worldwide Corp. Company 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: 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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