Teacher Retirement System of Texas Buys New Stake in Wyndham Worldwide Corp (WYN)

Teacher Retirement System of Texas acquired a new position in shares of Wyndham Worldwide Corp (NYSE:WYN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,755 shares of the company’s stock, valued at approximately $401,000.

Several other hedge funds have also bought and sold shares of WYN. TrimTabs Asset Management LLC boosted its stake in Wyndham Worldwide Corp by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock worth $135,000 after buying an additional 752 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Wyndham Worldwide Corp by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock valued at $167,000 after buying an additional 66 shares during the last quarter. Gofen & Glossberg LLC IL purchased a new stake in shares of Wyndham Worldwide Corp during the first quarter valued at approximately $202,000. BB&T Securities LLC purchased a new stake in shares of Wyndham Worldwide Corp during the first quarter valued at approximately $205,000. Finally, IFP Advisors Inc boosted its stake in shares of Wyndham Worldwide Corp by 29.8% in the first quarter. IFP Advisors Inc now owns 2,498 shares of the company’s stock valued at $211,000 after buying an additional 574 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

Institutional Ownership by Quarter for Wyndham Worldwide Corp (NYSE:WYN)

Shares of Wyndham Worldwide Corp (WYN) traded down 0.73% during mid-day trading on Tuesday, reaching $102.49. The company’s stock had a trading volume of 251,181 shares. The firm has a market capitalization of $10.68 billion, a P/E ratio of 16.95 and a beta of 1.33. The company’s 50-day moving average is $98.26 and its 200 day moving average is $86.04. Wyndham Worldwide Corp has a 1-year low of $62.60 and a 1-year high of $103.70.

Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings results on Wednesday, April 26th. The company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. Wyndham Worldwide Corp had a return on equity of 85.08% and a net margin of 11.70%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. On average, analysts expect that Wyndham Worldwide Corp will post $6.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, May 24th. Wyndham Worldwide Corp’s dividend payout ratio is currently 38.47%.

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WYN has been the subject of several research reports. J P Morgan Chase & Co reiterated an “overweight” rating and set a $97.00 price target (up from $94.00) on shares of Wyndham Worldwide Corp in a research report on Monday, April 17th. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Wolfe Research cut Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 27th. Janney Montgomery Scott reiterated a “neutral” rating and set a $87.00 price target on shares of Wyndham Worldwide Corp in a research report on Thursday, March 16th. Finally, Stifel Nicolaus dropped their price target on Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.50.

In related news, EVP Thomas F. Anderson sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $100.06, for a total value of $500,300.00. Following the completion of the sale, the executive vice president now directly owns 24,043 shares of the company’s stock, valued at $2,405,742.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George Herrera sold 345 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $96.02, for a total value of $33,126.90. The disclosure for this sale can be found here. 2.39% of the stock is owned by 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: 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WYN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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