Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Wyndham Destinations (NASDAQ:WYND) by 82.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,999 shares of the company’s stock after acquiring an additional 2,711 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wyndham Destinations were worth $260,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of WYND. BlackRock Inc. acquired a new position in shares of Wyndham Destinations in the second quarter worth approximately $413,146,000. FMR LLC acquired a new position in Wyndham Destinations in the second quarter valued at approximately $328,935,000. Boston Partners acquired a new position in Wyndham Destinations in the second quarter valued at approximately $294,781,000. Iridian Asset Management LLC CT lifted its stake in Wyndham Destinations by 59.6% in the third quarter. Iridian Asset Management LLC CT now owns 8,766,826 shares of the company’s stock valued at $380,130,000 after buying an additional 3,272,233 shares during the period. Finally, LSV Asset Management acquired a new position in Wyndham Destinations in the second quarter valued at approximately $111,386,000.
Several equities analysts have issued reports on WYND shares. Goldman Sachs Group lowered Wyndham Destinations from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research note on Monday, November 26th. They noted that the move was a valuation call. TheStreet lowered Wyndham Destinations from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Zacks Investment Research lowered Wyndham Destinations from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. JPMorgan Chase & Co. dropped their price target on Wyndham Destinations from $48.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Finally, Oppenheimer set a $66.00 price target on Wyndham Destinations and gave the company a “buy” rating in a research note on Thursday, November 1st. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.85.
In other news, Director George Herrera sold 767 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $43.68, for a total transaction of $33,502.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Holmes sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $41.47, for a total value of $2,073,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,767 shares of company stock valued at $4,194,003.
Shares of WYND opened at $38.88 on Friday. Wyndham Destinations has a 52-week low of $33.61 and a 52-week high of $57.67.
Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings data on Thursday, November 1st. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.64 annualized dividend and a dividend yield of 4.22%.
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About Wyndham Destinations
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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