Cornerstone Capital Management Holdings LLC. decreased its position in shares of Wyndham Worldwide Co. (NYSE:WYN) by 86.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,085 shares of the company’s stock after selling 227,127 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Wyndham Worldwide were worth $4,295,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Iridian Asset Management LLC CT lifted its position in Wyndham Worldwide by 9.7% during the fourth quarter. Iridian Asset Management LLC CT now owns 2,400,474 shares of the company’s stock valued at $278,143,000 after acquiring an additional 211,886 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Wyndham Worldwide by 52.3% during the third quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock valued at $213,136,000 after acquiring an additional 695,118 shares during the last quarter. Investec Asset Management LTD purchased a new stake in Wyndham Worldwide during the fourth quarter valued at approximately $226,144,000. Geode Capital Management LLC lifted its position in Wyndham Worldwide by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,058,939 shares of the company’s stock valued at $122,435,000 after acquiring an additional 27,152 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of 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 buying an additional 600,980 shares during the last quarter. 92.92% of the stock is owned by institutional investors.
WYN has been the subject of a number of research analyst reports. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Macquarie initiated coverage on shares of Wyndham Worldwide in a report on Friday, January 5th. They issued an “underperform” rating for the company. Zacks Investment Research raised shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Stifel Nicolaus raised their price target on shares of Wyndham Worldwide from $113.00 to $123.00 in a report on Friday, January 5th. They noted that the move was a valuation call. Finally, Goldman Sachs raised shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $128.75.
Shares of WYN stock opened at $112.39 on Friday. The firm has a market cap of $11,759.39, a price-to-earnings ratio of 13.28 and a beta of 1.38. Wyndham Worldwide Co. has a 52 week low of $83.19 and a 52 week high of $127.96. 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 (NYSE:WYN) last released its quarterly earnings data on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 earnings per share. research analysts forecast that Wyndham Worldwide Co. will post 7.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio is presently 31.21%.
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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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