Cowen Inc. purchased a new position in shares of Wyndham Worldwide Co. (NYSE:WYN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,900 shares of the company’s stock, valued at approximately $727,000.
Other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of Wyndham Worldwide by 861.3% during the 2nd quarter. Janus Henderson Group PLC now owns 125,294 shares of the company’s stock worth $12,581,000 after purchasing an additional 112,260 shares during the period. Lipe & Dalton acquired a new stake in Wyndham Worldwide in the 2nd quarter valued at approximately $3,463,000. State of Tennessee Treasury Department increased its position in Wyndham Worldwide by 16.6% in the 2nd quarter. State of Tennessee Treasury Department now owns 101,473 shares of the company’s stock valued at $10,189,000 after acquiring an additional 14,437 shares during the period. Freestone Capital Holdings LLC increased its position in Wyndham Worldwide by 9.0% in the 2nd quarter. Freestone Capital Holdings LLC now owns 43,772 shares of the company’s stock valued at $4,395,000 after acquiring an additional 3,614 shares during the period. Finally, AXA increased its position in Wyndham Worldwide by 91.0% in the 2nd quarter. AXA now owns 432,100 shares of the company’s stock valued at $43,387,000 after acquiring an additional 205,900 shares during the period. Institutional investors and hedge funds own 94.13% of the company’s stock.
Wyndham Worldwide Co. (WYN) traded up $0.28 on Friday, reaching $113.05. The company had a trading volume of 414,900 shares, compared to its average volume of 876,407. Wyndham Worldwide Co. has a 12-month low of $75.36 and a 12-month high of $114.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. The firm has a market cap of $11,426.56, a PE ratio of 18.64 and a beta of 1.35.
Wyndham Worldwide (NYSE:WYN) last posted its earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $1.89 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. equities analysts predict that Wyndham Worldwide Co. will post 6.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, November 24th. Wyndham Worldwide’s payout ratio is currently 41.58%.
Wyndham Worldwide declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Separately, Zacks Investment Research upgraded Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $108.29.
In other Wyndham Worldwide news, Director George Herrera sold 311 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.39% of the company’s stock.
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Wyndham Worldwide Company Profile
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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