United States Steel & Carnegie Pension Fund lowered its stake in shares of Wyndham Worldwide Co. (NYSE:WYN) by 7.5% during the first quarter, Holdings Channel reports. The institutional investor owned 502,851 shares of the company’s stock after selling 41,000 shares during the period. United States Steel & Carnegie Pension Fund owned 0.48% of Wyndham Worldwide worth $42,385,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Wyndham Worldwide during the first quarter valued at approximately $328,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Wyndham Worldwide during the first quarter valued at approximately $271,000. Boston Advisors LLC increased its stake in shares of Wyndham Worldwide by 388.5% in the first quarter. Boston Advisors LLC now owns 63,885 shares of the company’s stock valued at $5,385,000 after buying an additional 50,807 shares in the last quarter. Coastline Trust Co increased its stake in shares of Wyndham Worldwide by 6.7% in the first quarter. Coastline Trust Co now owns 18,270 shares of the company’s stock valued at $1,540,000 after buying an additional 1,140 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its stake in shares of Wyndham Worldwide by 1.2% in the first quarter. Reilly Financial Advisors LLC now owns 115,591 shares of the company’s stock valued at $9,743,000 after buying an additional 1,415 shares in the last quarter. 94.41% of the stock is owned by institutional investors and hedge funds.
Shares of Wyndham Worldwide Co. (NYSE:WYN) traded down 0.01% during midday trading on Friday, reaching $89.74. The company had a trading volume of 1,070,973 shares. Wyndham Worldwide Co. has a 52-week low of $62.60 and a 52-week high of $89.95. The company’s 50-day moving average is $84.51 and its 200-day moving average is $77.18. The firm has a market cap of $9.42 billion, a P/E ratio of 16.23 and a beta of 1.24.
Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, February 15th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.05. Wyndham Worldwide had a return on equity of 71.67% and a net margin of 10.52%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Wyndham Worldwide’s revenue was up .7% on a year-over-year basis. Equities research analysts expect that Wyndham Worldwide Co. will post $6.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Investors of record on Friday, March 17th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, March 15th. This is a positive change from Wyndham Worldwide’s previous quarterly dividend of $0.50. Wyndham Worldwide’s dividend payout ratio is presently 38.31%.
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $97.00 target price (up from $94.00) on shares of Wyndham Worldwide in a report on Monday. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $87.00 target price on shares of Wyndham Worldwide in a report on Thursday, March 16th. Finally, Zacks Investment Research downgraded Wyndham Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $82.50.
In other Wyndham Worldwide news, VP Mary R. Falvey sold 24,471 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $83.55, for a total transaction of $2,044,552.05. Following the transaction, the vice president now owns 89,218 shares of the company’s stock, valued at $7,454,163.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas F. Anderson sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $84.35, for a total value of $2,108,750.00. Following the transaction, the executive vice president now directly owns 59,463 shares in the company, valued at approximately $5,015,704.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,102 shares of company stock worth $6,856,892. Company insiders own 2.03% of the company’s stock.
Wyndham Worldwide 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: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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