Iridian Asset Management LLC CT grew its holdings in Wyndham Worldwide (NYSE:WYN) by 30.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,124,299 shares of the company’s stock after acquiring an additional 723,825 shares during the quarter. Wyndham Worldwide accounts for approximately 3.2% of Iridian Asset Management LLC CT’s investment portfolio, making the stock its 5th biggest position. Iridian Asset Management LLC CT owned about 3.13% of Wyndham Worldwide worth $357,514,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Calton & Associates Inc. bought a new stake in shares of Wyndham Worldwide in the fourth quarter valued at about $103,000. Synovus Financial Corp bought a new stake in Wyndham Worldwide during the first quarter worth about $117,000. Gradient Investments LLC bought a new stake in Wyndham Worldwide during the fourth quarter worth about $163,000. We Are One Seven LLC bought a new stake in Wyndham Worldwide during the fourth quarter worth about $171,000. Finally, Tower Research Capital LLC TRC lifted its position in Wyndham Worldwide by 790.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock worth $187,000 after purchasing an additional 1,431 shares during the period. 90.14% of the stock is owned by institutional investors.
In other news, VP Nicola Rossi sold 2,863 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $117.50, for a total value of $336,402.50. Following the completion of the transaction, the vice president now owns 250 shares of the company’s stock, valued at $29,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Geoffrey A. Ballotti sold 8,968 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $114.73, for a total value of $1,028,898.64. Following the completion of the transaction, the chief executive officer now directly owns 137,784 shares of the company’s stock, valued at approximately $15,807,958.32. The disclosure for this sale can be found here. Insiders sold 19,553 shares of company stock valued at $2,275,569 in the last ninety days. 2.18% of the stock is currently owned by insiders.
Wyndham Worldwide stock opened at $108.26 on Thursday. Wyndham Worldwide has a 1 year low of $95.30 and a 1 year high of $127.96. The company has a debt-to-equity ratio of 9.19, a current ratio of 1.19 and a quick ratio of 1.08. The company has a market capitalization of $10.83 billion, a PE ratio of 19.68 and a beta of 1.36.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.06. Wyndham Worldwide had a return on equity of 94.96% and a net margin of 13.78%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. sell-side analysts predict that Wyndham Worldwide will post 7.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, June 14th. Wyndham Worldwide’s dividend payout ratio is currently 48.00%.
Several research firms recently weighed in on WYN. TheStreet raised shares of Wyndham Worldwide from a “c” rating to a “b” rating in a research report on Friday, May 18th. ValuEngine cut shares of Wyndham Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Credit Suisse Group began coverage on shares of Wyndham Worldwide in a research report on Friday, May 18th. They set a “neutral” rating and a $116.00 price objective for the company. Zacks Investment Research raised shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, May 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $131.00 target price (down previously from $135.00) on shares of Wyndham Worldwide in a research note on Monday, May 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $134.00.
About Wyndham Worldwide
Wyndham Worldwide Corporation provides hospitality services and products to individual and business customers worldwide. It operates through three segments: Hotel Group, Destination Network, and Vacation Ownership. The Hotel Group segment primarily franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, as well as provides property management services for full-service and select limited-service hotels.
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