Wyndham Worldwide Co. (NYSE:WYN) CEO Geoffrey A. Ballotti sold 3,731 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $117.04, for a total transaction of $436,676.24. Following the transaction, the chief executive officer now directly owns 117,843 shares in the company, valued at $13,792,344.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Wyndham Worldwide Co. (WYN) traded down $1.66 during midday trading on Wednesday, hitting $116.08. 979,560 shares of the stock were exchanged, compared to its average volume of 1,050,861. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 6.44. Wyndham Worldwide Co. has a 1 year low of $81.16 and a 1 year high of $127.96. The company has a market capitalization of $11,858.12, a P/E ratio of 13.72 and a beta of 1.38.
Wyndham Worldwide (NYSE:WYN) last announced its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. Wyndham Worldwide’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.35 earnings per share. equities research analysts expect that Wyndham Worldwide Co. will post 7.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.27%. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, March 14th. Wyndham Worldwide’s dividend payout ratio (DPR) is 27.42%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Calton & Associates Inc. acquired a new stake in shares of Wyndham Worldwide during the fourth quarter worth $103,000. Gradient Investments LLC acquired a new stake in shares of Wyndham Worldwide during the fourth quarter worth $163,000. We Are One Seven LLC acquired a new stake in shares of Wyndham Worldwide during the fourth quarter worth $171,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 buying an additional 1,431 shares during the period. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of Wyndham Worldwide during the fourth quarter worth $205,000. Institutional investors own 92.98% of the company’s stock.
A number of brokerages have recently commented on WYN. Stifel Nicolaus reaffirmed a “buy” rating and set a $130.00 target price on shares of Wyndham Worldwide in a research report on Friday, January 19th. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group assumed coverage on shares of Wyndham Worldwide in a research report on Friday, January 19th. They set a “buy” rating and a $202.00 target price on the stock. Goldman Sachs Group upgraded shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Finally, SunTrust Banks increased their price objective on shares of Wyndham Worldwide to $131.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.44.
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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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