New York State Common Retirement Fund increased its stake in Wyndham Worldwide Co. (NYSE:WYN) by 10.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 428,038 shares of the company’s stock after purchasing an additional 39,196 shares during the period. New York State Common Retirement Fund owned approximately 0.42% of Wyndham Worldwide worth $45,119,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WYN. San Francisco Sentry Investment Group CA acquired a new position in shares of Wyndham Worldwide during the 2nd quarter worth about $158,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Wyndham Worldwide by 26.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after buying an additional 338 shares during the last quarter. Smithfield Trust Co. acquired a new position in shares of Wyndham Worldwide during the 2nd quarter worth about $170,000. Advisor Partners LLC acquired a new position in shares of Wyndham Worldwide during the 2nd quarter worth about $206,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Wyndham Worldwide by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock worth $217,000 after buying an additional 171 shares during the last quarter. 94.13% of the stock is owned by hedge funds and other institutional investors.
In related news, Director George Herrera sold 311 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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 price objective for the company in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $108.29.
Wyndham Worldwide Co. (NYSE:WYN) traded down $0.13 during trading on Thursday, hitting $112.77. 774,500 shares of the stock were exchanged, compared to its average volume of 1,117,099. Wyndham Worldwide Co. has a one year low of $74.93 and a one year high of $114.49. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market cap of $11,439.73, a P/E ratio of 18.66 and a beta of 1.35.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business posted $1.89 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. analysts expect that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.
Wyndham Worldwide announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.58 dividend. The ex-dividend date is Friday, November 24th. This represents a $2.32 annualized dividend and a yield of 2.06%. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 41.58%.
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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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