US Bancorp DE reduced its stake in shares of Wyndham Worldwide (NYSE:WYN) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,321 shares of the company’s stock after selling 7,033 shares during the period. US Bancorp DE owned 0.09% of Wyndham Worldwide worth $10,220,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of WYN. Calton & Associates Inc. acquired a new stake in Wyndham Worldwide during the 4th quarter worth approximately $103,000. Synovus Financial Corp acquired a new stake in Wyndham Worldwide during the 1st quarter worth approximately $117,000. Gradient Investments LLC acquired a new stake in Wyndham Worldwide during the 4th quarter worth approximately $163,000. We Are One Seven LLC acquired a new stake in Wyndham Worldwide during the 4th quarter worth approximately $171,000. Finally, Tower Research Capital LLC TRC increased its position in Wyndham Worldwide by 790.6% during the 4th 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 in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.
In other news, Director George Herrera sold 270 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $121.76, for a total transaction of $32,875.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Geoffrey A. Ballotti sold 8,968 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $114.73, for a total transaction of $1,028,898.64. Following the sale, 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 19,823 shares of company stock valued at $2,308,444 in the last ninety days. 2.18% of the stock is owned by corporate insiders.
Shares of NYSE:WYN opened at $109.33 on Monday. The company has a debt-to-equity ratio of 9.19, a current ratio of 1.19 and a quick ratio of 1.08. Wyndham Worldwide has a 52-week low of $95.30 and a 52-week high of $127.96. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 19.88 and a beta of 1.36.
Wyndham Worldwide (NYSE:WYN) last issued 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 net margin of 13.78% and a return on equity of 94.96%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $1.01 earnings per share. Wyndham Worldwide’s revenue for the quarter was up 3.1% on a year-over-year basis. analysts anticipate that Wyndham Worldwide will post 7.33 EPS for the current fiscal year.
WYN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Friday, March 30th. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group started coverage on shares of Wyndham Worldwide in a research report on Friday. They set a “neutral” rating and a $116.00 target price for the company. SunTrust Banks increased their price objective on shares of Wyndham Worldwide to $131.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $131.00 price objective (down previously from $135.00) on shares of Wyndham Worldwide in a research report on Monday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $134.00.
Wyndham Worldwide Company 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.
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