Tredje AP fonden lifted its stake in Wyndham Worldwide Co. (NYSE:WYN) by 46.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,660 shares of the company’s stock after purchasing an additional 5,250 shares during the period. Tredje AP fonden’s holdings in Wyndham Worldwide were worth $1,756,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of Wyndham Worldwide by 1.2% in the 2nd quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock worth $476,000 after acquiring an additional 54 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Wyndham Worldwide by 2.3% in the 2nd quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after acquiring an additional 56 shares in the last quarter. Empirical Finance LLC increased its stake in shares of Wyndham Worldwide by 0.5% in the 2nd quarter. Empirical Finance LLC now owns 12,758 shares of the company’s stock worth $1,282,000 after acquiring an additional 63 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Wyndham Worldwide by 1.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,270 shares of the company’s stock worth $931,000 after acquiring an additional 90 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Wyndham Worldwide by 0.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 30,222 shares of the company’s stock worth $3,034,000 after acquiring an additional 100 shares in the last quarter. 94.13% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Wyndham Worldwide presently has a consensus rating of “Hold” and an average target price of $108.29.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. Wyndham Worldwide’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $1.89 EPS. sell-side analysts anticipate that Wyndham Worldwide Co. will post 6.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, November 24th. This represents a $2.32 dividend on an annualized basis and a yield of 2.06%. Wyndham Worldwide’s dividend payout ratio is currently 41.58%.
Wyndham Worldwide announced that its board has authorized a share repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
In other Wyndham Worldwide news, Director George Herrera sold 311 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.39% of the stock is currently owned by company insiders.
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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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