California State Teachers Retirement System decreased its holdings in shares of Wyndham Worldwide (NYSE:WYN) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,174 shares of the company’s stock after selling 5,479 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Wyndham Worldwide worth $18,443,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of WYN. Synovus Financial Corp purchased a new stake in Wyndham Worldwide during the first quarter worth approximately $117,000. We Are One Seven LLC purchased a new stake in Wyndham Worldwide during the fourth quarter worth approximately $171,000. Tower Research Capital LLC TRC lifted its stake 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 last quarter. Reliance Trust Co. of Delaware purchased a new stake in Wyndham Worldwide during the fourth quarter worth approximately $205,000. Finally, Bayesian Capital Management LP purchased a new stake in Wyndham Worldwide during the first quarter worth approximately $206,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.
In other news, Director George Herrera sold 313 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $111.51, for a total transaction of $34,902.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.18% of the stock is owned by corporate insiders.
Wyndham Worldwide opened at $108.44 on Friday, Marketbeat Ratings reports. Wyndham Worldwide has a 12 month low of $95.30 and a 12 month 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 cap of $11.06 billion, a PE ratio of 19.72 and a beta of 1.36.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $1.33 EPS for the quarter, topping 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 business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. sell-side analysts anticipate that Wyndham Worldwide will post 7.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 14th. Wyndham Worldwide’s dividend payout ratio (DPR) is presently 48.00%.
WYN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Tuesday, March 20th. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. TheStreet upgraded Wyndham Worldwide from a “c” rating to a “b” rating in a research note on Friday, May 18th. Credit Suisse Group started coverage on Wyndham Worldwide in a research note on Friday, May 18th. They issued a “neutral” rating and a $116.00 price objective for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $131.00 price objective (down previously from $135.00) on shares of Wyndham Worldwide in a research note on Monday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Wyndham Worldwide presently has a consensus rating of “Hold” and an average price target of $136.86.
Wyndham Worldwide Profile
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.
Receive News & Ratings for Wyndham Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.