Nomura Asset Management Co. Ltd. boosted its stake in shares of Wyndham Worldwide Co. (NYSE:WYN) by 104.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,163 shares of the company’s stock after buying an additional 14,893 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Wyndham Worldwide were worth $3,379,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of WYN. Calton & Associates Inc. bought a new position in Wyndham Worldwide during the 4th quarter valued at approximately $103,000. Gradient Investments LLC bought a new stake in shares of Wyndham Worldwide in the 4th quarter worth $163,000. Tower Research Capital LLC TRC increased its holdings in shares of Wyndham Worldwide by 790.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock worth $187,000 after purchasing an additional 1,431 shares in the last quarter. Reliance Trust Co. of Delaware bought a new stake in shares of Wyndham Worldwide in the 4th quarter worth $205,000. Finally, Jane Street Group LLC bought a new stake in shares of Wyndham Worldwide in the 3rd quarter worth $209,000. 92.98% of the stock is owned by institutional investors.
In related news, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction on Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the transaction, the vice president now directly owns 8,917 shares in the company, valued at $1,025,455. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Herrera sold 270 shares of Wyndham Worldwide stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $121.76, for a total value of $32,875.20. The disclosure for this sale can be found here. Insiders sold 34,891 shares of company stock valued at $4,042,356 in the last ninety days. 2.39% of the stock is currently owned by corporate insiders.
Shares of Wyndham Worldwide Co. (NYSE:WYN) opened at $118.40 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 6.44. Wyndham Worldwide Co. has a fifty-two week low of $81.16 and a fifty-two week high of $127.96. The company has a market capitalization of $12,000.00, a price-to-earnings ratio of 30.67 and a beta of 1.38.
Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. Wyndham Worldwide’s revenue was up 5.6% compared to the same quarter last year. analysts forecast that Wyndham Worldwide Co. will post 7.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 2.23%. This is a positive change from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s payout ratio is presently 60.10%.
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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