Alliancebernstein L.P. Lowers Stake in Wyndham Worldwide Corp (WYN)
Alliancebernstein L.P. reduced its stake in shares of Wyndham Worldwide Corp (NYSE:WYN) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,938 shares of the company’s stock after selling 4,944 shares during the period. Alliancebernstein L.P. owned approximately 0.21% of Wyndham Worldwide Corp worth $21,883,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. IHT Wealth Management LLC lifted its stake in shares of Wyndham Worldwide Corp by 15.9% during the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock worth $123,000 after buying an additional 201 shares during the period. Dubuque Bank & Trust Co. lifted its position in Wyndham Worldwide Corp by 125.0% during the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after purchasing an additional 824 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in Wyndham Worldwide Corp by 26.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock valued at $163,000 after purchasing an additional 338 shares during the period. Smithfield Trust Co. acquired a new position in Wyndham Worldwide Corp during the second quarter valued at $170,000. Finally, Pacer Advisors Inc. lifted its position in Wyndham Worldwide Corp by 3.4% during the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock valued at $167,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.
A number of research analysts recently issued reports on WYN shares. BidaskClub downgraded shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Telsey Advisory Group downgraded shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and set a $110.00 target price (up from $108.00) on shares of Wyndham Worldwide Corp in a research report on Thursday, June 22nd. Finally, Buckingham Research started coverage on shares of Wyndham Worldwide Corp in a research report on Monday, June 19th. They set a “buy” rating and a $114.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $99.22.
In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $97.60, for a total transaction of $31,524.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.39% of the company’s stock.
Wyndham Worldwide Corp (NYSE:WYN) opened at 103.19 on Friday. Wyndham Worldwide Corp has a 12 month low of $62.60 and a 12 month high of $106.50. The firm has a market cap of $10.61 billion, a P/E ratio of 19.00 and a beta of 1.35. The firm has a 50 day moving average of $99.50 and a 200-day moving average of $96.05.
Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.03. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm posted $1.40 EPS. Wyndham Worldwide Corp’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Wyndham Worldwide Corp will post $6.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 23rd. Wyndham Worldwide Corp’s payout ratio is currently 43.04%.
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.
Want to see what other hedge funds are holding WYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Worldwide Corp (NYSE:WYN).
Receive News & Ratings for Wyndham Worldwide Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Worldwide Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.