Conning Inc. held its position in Wyndham Worldwide Corp. (NYSE:WYN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,933 shares of the company’s stock at the end of the second quarter. Conning Inc.’s holdings in Wyndham Worldwide Corp. were worth $209,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 in the last quarter. Strs Ohio raised its stake in shares of Wyndham Worldwide Corp. by 39.2% in the second quarter. Strs Ohio now owns 10,107 shares of the company’s stock worth $719,000 after buying an additional 2,846 shares in the last quarter. Pitcairn Co. bought a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth approximately $550,000. Mount Vernon Associates Inc. MD raised its stake in shares of Wyndham Worldwide Corp. by 4.2% in the second quarter. Mount Vernon Associates Inc. MD now owns 12,475 shares of the company’s stock worth $889,000 after buying an additional 500 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth approximately $119,968,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) traded down 0.16% during trading on Friday, reaching $66.94. The company’s stock had a trading volume of 917,745 shares. The firm’s 50-day moving average price is $68.84 and its 200-day moving average price is $70.91. Wyndham Worldwide Corp. has a one year low of $60.59 and a one year high of $82.99. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 13.23 and a beta of 1.26.
Wyndham Worldwide Corp. (NYSE:WYN) last released 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. Wyndham Worldwide Corp. had a net margin of 10.43% and a return on equity of 67.58%. The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business earned $1.32 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, equities analysts anticipate that Wyndham Worldwide Corp. will post $5.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were issued 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 2.99%. Wyndham Worldwide Corp.’s payout ratio is 39.60%.
A number of analysts have commented on the company. Zacks Investment Research lowered Wyndham Worldwide Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Telsey Advisory Group decreased their price objective on Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Deutsche Bank AG decreased their price objective on Wyndham Worldwide Corp. from $64.00 to $62.00 and set a “hold” rating for the company in a report on Thursday, July 28th. Wolfe Research assumed coverage on Wyndham Worldwide Corp. in a report on Wednesday, July 6th. They set an “outperform” rating for the company. Finally, MKM Partners reissued a “buy” rating on shares of Wyndham Worldwide Corp. in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” 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 transaction of $33,201.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.03% 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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