Public Employees Retirement System of Ohio grew its position in Wyndham Destinations (NYSE:WYND) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,978 shares of the company’s stock after purchasing an additional 7,979 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Wyndham Destinations worth $2,940,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of WYND. Iridian Asset Management LLC CT acquired a new position in Wyndham Destinations in the 2nd quarter worth about $310,725,000. Investec Asset Management LTD bought a new stake in shares of Wyndham Destinations during the 2nd quarter worth about $179,747,000. FMR LLC bought a new stake in shares of Wyndham Destinations during the 1st quarter worth about $133,991,000. LSV Asset Management bought a new stake in shares of Wyndham Destinations during the 2nd quarter worth about $130,092,000. Finally, First Eagle Investment Management LLC bought a new stake in shares of Wyndham Destinations during the 1st quarter worth about $68,653,000. 88.35% of the stock is currently owned by institutional investors.
NYSE:WYND traded down $0.11 during mid-day trading on Monday, hitting $47.70. 125,077 shares of the company’s stock traded hands, compared to its average volume of 744,928. The firm has a 50 day moving average of $43.31 and a two-hundred day moving average of $43.23. Wyndham Destinations has a 12 month low of $33.55 and a 12 month high of $49.75. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.80 annualized dividend and a yield of 3.77%. Wyndham Destinations’s payout ratio is 38.38%.
In other Wyndham Destinations news, insider Michael Dean Brown bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $40.16 per share, for a total transaction of $200,800.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 1,904 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $48.70, for a total value of $92,724.80. In the last 90 days, insiders have sold 15,007 shares of company stock valued at $667,440. 1.59% of the stock is owned by corporate insiders.
Several research firms have recently issued reports on WYND. JPMorgan Chase & Co. upped their price target on Wyndham Destinations from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group set a $62.00 price target on Wyndham Destinations and gave the stock a “buy” rating in a research note on Friday, August 30th. Zacks Investment Research reiterated a “hold” rating and set a $49.00 price target on shares of Wyndham Destinations in a research note on Sunday, September 8th. SunTrust Banks set a $75.00 price target on Wyndham Destinations and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Nomura upped their price target on Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.07.
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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