Wyndham Worldwide Corp (WYN) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. increased its stake in Wyndham Worldwide Corp (NYSE:WYN) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,987 shares of the company’s stock after buying an additional 66 shares during the period. Pacer Advisors Inc.’s holdings in Wyndham Worldwide Corp were worth $167,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in Wyndham Worldwide Corp by 31.9% in the first quarter. Envestnet Asset Management Inc. now owns 51,976 shares of the company’s stock valued at $4,381,000 after buying an additional 12,578 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Wyndham Worldwide Corp by 3.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 43,399 shares of the company’s stock valued at $3,658,000 after buying an additional 1,521 shares in the last quarter. Hancock Holding Co. bought a new stake in Wyndham Worldwide Corp during the first quarter valued at approximately $597,000. Savant Capital LLC boosted its stake in Wyndham Worldwide Corp by 1.3% in the first quarter. Savant Capital LLC now owns 3,826 shares of the company’s stock valued at $322,000 after buying an additional 49 shares in the last quarter. Finally, Lingohr & Partner Asset Management GmbH bought a new stake in Wyndham Worldwide Corp during the first quarter valued at approximately $748,000. 93.96% of the stock is owned by hedge funds and other institutional investors.
Wyndham Worldwide Corp (NYSE:WYN) opened at 101.34 on Friday. The company’s 50-day moving average is $98.03 and its 200-day moving average is $85.63. Wyndham Worldwide Corp has a 12 month low of $62.60 and a 12 month high of $103.70. The stock has a market capitalization of $10.56 billion, a PE ratio of 16.76 and a beta of 1.33.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings data on Wednesday, April 26th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.03. Wyndham Worldwide Corp had a net margin of 11.70% and a return on equity of 85.08%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Wyndham Worldwide Corp will post $6.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Wednesday, May 24th. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is presently 38.47%.
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Several equities research analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, May 1st. Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Wolfe Research cut shares of Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 27th. MKM Partners reaffirmed a “buy” rating and issued a $111.00 target price (up from $95.00) on shares of Wyndham Worldwide Corp in a research report on Wednesday, April 26th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $97.00 target price (up from $94.00) on shares of Wyndham Worldwide Corp in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Wyndham Worldwide Corp presently has a consensus rating of “Hold” and a consensus price target of $85.67.
In related news, EVP Thomas F. Anderson sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $100.06, for a total value of $500,300.00. Following the completion of the sale, the executive vice president now directly owns 24,043 shares of the company’s stock, valued at $2,405,742.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 345 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $96.02, for a total transaction of $33,126.90. The disclosure for this sale can be found here. 2.39% of the stock is owned by corporate insiders.
About Wyndham Worldwide Corp
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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