Teachers Retirement System of The State of Kentucky boosted its holdings in Wyndham Worldwide Co. (NYSE:WYN) by 77.8% in the 4th quarter, HoldingsChannel reports. The fund owned 294,764 shares of the company’s stock after acquiring an additional 129,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Wyndham Worldwide were worth $34,154,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Iridian Asset Management LLC CT raised its position in Wyndham Worldwide by 9.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,400,474 shares of the company’s stock worth $278,143,000 after acquiring an additional 211,886 shares in the last quarter. JPMorgan Chase & Co. raised its position in Wyndham Worldwide by 52.3% in the third quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock worth $213,136,000 after acquiring an additional 695,118 shares in the last quarter. Investec Asset Management LTD purchased a new position in Wyndham Worldwide in the fourth quarter worth $226,144,000. Geode Capital Management LLC raised its position in Wyndham Worldwide by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,058,939 shares of the company’s stock worth $122,435,000 after acquiring an additional 27,152 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Wyndham Worldwide by 479.7% in the third quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock worth $76,556,000 after acquiring an additional 600,980 shares in the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.
A number of research analysts have recently weighed in on WYN shares. Wolfe Research upgraded Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. Goldman Sachs Group upgraded Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus raised their price target on Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Macquarie started coverage on Wyndham Worldwide in a research report on Friday, January 5th. They issued an “underperform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Wyndham Worldwide currently has a consensus rating of “Buy” and an average price target of $123.44.
Wyndham Worldwide Co. (WYN) opened at $121.09 on Monday. Wyndham Worldwide Co. has a 52-week low of $81.16 and a 52-week high of $127.96. The firm has a market capitalization of $12,075.51, a price-to-earnings ratio of 19.56 and a beta of 1.38. The company has a debt-to-equity ratio of 6.44, a current ratio of 1.17 and a quick ratio of 1.03.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.14. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. sell-side analysts forecast that Wyndham Worldwide Co. will post 7.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 27.42%.
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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