Hartford Investment Management Co. lowered its position in shares of Wyndham Worldwide Co. (NYSE:WYN) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,144 shares of the company’s stock after selling 556 shares during the period. Hartford Investment Management Co.’s holdings in Wyndham Worldwide were worth $2,334,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. FMR LLC lifted its position in Wyndham Worldwide by 88.5% during the second quarter. FMR LLC now owns 9,483,756 shares of the company’s stock valued at $952,263,000 after purchasing an additional 4,451,772 shares during the last quarter. Elliott Management Corp bought a new stake in Wyndham Worldwide during the second quarter valued at approximately $80,329,000. JPMorgan Chase & Co. lifted its position in Wyndham Worldwide by 52.3% during the third quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock valued at $213,136,000 after purchasing an additional 695,118 shares during the last quarter. Iridian Asset Management LLC CT lifted its position in Wyndham Worldwide by 40.6% during the third quarter. Iridian Asset Management LLC CT now owns 2,188,588 shares of the company’s stock valued at $230,699,000 after purchasing an additional 631,648 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in Wyndham Worldwide by 2,145.9% during the second quarter. Bank of Nova Scotia now owns 543,207 shares of the company’s stock valued at $54,542,000 after purchasing an additional 519,020 shares during the last quarter. 94.13% of the stock is owned by institutional investors.
Shares of Wyndham Worldwide Co. (NYSE:WYN) traded up $0.54 on Tuesday, hitting $112.21. 1,039,500 shares of the stock were exchanged, compared to its average volume of 1,118,144. The company has a market cap of $11,315.10, a price-to-earnings ratio of 18.46 and a beta of 1.35. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. Wyndham Worldwide Co. has a 1 year low of $72.84 and a 1 year high of $114.13.
Wyndham Worldwide (NYSE:WYN) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. equities research analysts forecast that Wyndham Worldwide Co. will post 6.04 EPS for the current year.
Wyndham Worldwide declared that its Board of Directors has approved a stock repurchase program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.07%. Wyndham Worldwide’s payout ratio is 41.58%.
In other news, Director George Herrera sold 311 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.39% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 target price for the company in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $108.29.
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Wyndham Worldwide 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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