Factory Mutual Insurance Co. lowered its position in Wyndham Worldwide Co. (NYSE:WYN) by 14.0% during the first quarter, Holdings Channel reports. The firm owned 554,600 shares of the company’s stock after selling 90,000 shares during the period. Factory Mutual Insurance Co. owned approximately 0.53% of Wyndham Worldwide worth $46,747,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of WYN. Capital Research Global Investors raised its position in shares of Wyndham Worldwide by 24.1% in the third quarter. Capital Research Global Investors now owns 11,754,620 shares of the company’s stock worth $791,439,000 after buying an additional 2,285,166 shares during the last quarter. Norges Bank purchased a new position in shares of Wyndham Worldwide during the fourth quarter worth approximately $87,540,000. Bank of Montreal Can raised its position in shares of Wyndham Worldwide by 30.7% in the first quarter. Bank of Montreal Can now owns 2,663,012 shares of the company’s stock worth $224,465,000 after buying an additional 625,878 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Wyndham Worldwide by 815.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 365,276 shares of the company’s stock worth $24,592,000 after buying an additional 325,385 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Wyndham Worldwide by 179.5% in the fourth quarter. Marshall Wace LLP now owns 468,548 shares of the company’s stock worth $35,783,000 after buying an additional 300,895 shares during the last quarter. Institutional investors own 94.41% of the company’s stock.
Shares of Wyndham Worldwide Co. (NYSE:WYN) traded down 0.03% during mid-day trading on Friday, reaching $89.72. The company’s stock had a trading volume of 1,142,811 shares. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 16.22 and a beta of 1.24. Wyndham Worldwide Co. has a 52-week low of $62.60 and a 52-week high of $89.95. The firm has a 50 day moving average price of $84.51 and a 200 day moving average price of $77.18.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings results on Wednesday, February 15th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Wyndham Worldwide had a return on equity of 71.67% and a net margin of 10.52%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Wyndham Worldwide Co. will post $6.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Friday, March 17th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.59%. 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 payout ratio is 38.31%.
A number of research analysts recently commented on WYN shares. Zacks Investment Research upgraded Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 28th. Janney Montgomery Scott restated a “neutral” rating on shares of Wyndham Worldwide in a research note on Thursday, February 16th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $97.00 target price (up from $94.00) on shares of Wyndham Worldwide in a research note on Monday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $82.50.
In other Wyndham Worldwide news, EVP Thomas F. Anderson sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 59,463 shares in the company, valued at approximately $5,015,704.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Nicola Rossi sold 2,616 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $82.35, for a total value of $215,427.60. Following the completion of the sale, the vice president now owns 250 shares in the company, valued at approximately $20,587.50. The disclosure for this sale can be found here. Insiders sold a total of 82,102 shares of company stock worth $6,856,892 in the last quarter. Corporate insiders own 2.03% of the company’s stock.
About Wyndham Worldwide
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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