United Services Automobile Association lowered its position in Wyndham Destinations (NYSE:WYND) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,773 shares of the company’s stock after selling 731 shares during the period. United Services Automobile Association’s holdings in Wyndham Destinations were worth $649,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in WYND. BlackRock Inc. bought a new position in shares of Wyndham Destinations in the 2nd quarter worth approximately $406,681,000. Iridian Asset Management LLC CT bought a new position in shares of Wyndham Destinations in the 2nd quarter worth approximately $310,725,000. Investec Asset Management LTD bought a new position in shares of Wyndham Destinations in the 2nd quarter worth approximately $179,747,000. FMR LLC bought a new position in shares of Wyndham Destinations in the 1st quarter worth approximately $133,991,000. Finally, LSV Asset Management purchased a new position in shares of Wyndham Destinations during the second quarter valued at approximately $130,092,000. 88.35% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on WYND. SunTrust Banks set a $75.00 target price on Wyndham Destinations and gave the company a “buy” rating in a research report on Wednesday, July 31st. Nomura boosted their target price on Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on Wyndham Destinations from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group set a $62.00 price target on Wyndham Destinations and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Zacks Investment Research lowered Wyndham Destinations from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.63.
Wyndham Destinations (NYSE:WYND) last posted its earnings results on Tuesday, July 30th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Wyndham Destinations had a negative return on equity of 90.37% and a net margin of 11.67%. Wyndham Destinations’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. Research analysts anticipate that Wyndham Destinations will post 5.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.80 dividend on an annualized basis and a yield of 3.98%. Wyndham Destinations’s dividend payout ratio is currently 38.38%.
In other news, Director George Herrera sold 1,904 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $48.70, for a total transaction of $92,724.80. Also, insider Kimberly Marshall sold 5,300 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $42.98, for a total value of $227,794.00. The disclosure for this sale can be found here. 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 company insiders.
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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