State Board of Administration of Florida Retirement System Takes Position in Wyndham Destinations (NYSE:WYND)

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State Board of Administration of Florida Retirement System acquired a new stake in Wyndham Destinations (NYSE:WYND) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 139,323 shares of the company’s stock, valued at approximately $6,116,000. State Board of Administration of Florida Retirement System owned approximately 0.15% of Wyndham Destinations at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Eagle Asset Management Inc. purchased a new position in Wyndham Destinations during the 2nd quarter worth $214,000. Gabelli Funds LLC purchased a new position in Wyndham Destinations during the 2nd quarter worth $746,000. Swiss National Bank purchased a new position in Wyndham Destinations during the 2nd quarter worth $7,718,000. Comerica Bank purchased a new position in Wyndham Destinations during the 2nd quarter worth $8,544,000. Finally, Envestnet Asset Management Inc. purchased a new position in Wyndham Destinations during the 2nd quarter worth $6,558,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Several research analysts have issued reports on the stock. SunTrust Banks set a $75.00 price objective on shares of Wyndham Destinations and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Nomura raised their price objective on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research downgraded shares of Wyndham Destinations from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Thursday, August 22nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.83.

In other news, Director George Herrera sold 757 shares of Wyndham Destinations stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $41.12, for a total value of $31,127.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Dean Brown bought 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $40.16 per share, for a total transaction of $200,800.00. The disclosure for this purchase can be found here. 1.59% of the stock is owned by insiders.

Shares of NYSE:WYND opened at $43.48 on Thursday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 1.92 and a beta of 1.52. The firm’s 50-day simple moving average is $43.51 and its 200-day simple moving average is $43.25. Wyndham Destinations has a fifty-two week low of $33.55 and a fifty-two week high of $49.75.

Wyndham Destinations (NYSE:WYND) last issued its earnings results on Tuesday, July 30th. The company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Wyndham Destinations had a net margin of 11.67% and a negative return on equity of 90.37%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. As a group, sell-side analysts forecast that Wyndham Destinations will post 5.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, September 12th. Wyndham Destinations’s payout ratio is 38.38%.

Wyndham Destinations Company Profile

Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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Institutional Ownership by Quarter for Wyndham Destinations (NYSE:WYND)

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