Cigna Investments Inc. New Reduces Position in Wyndham Worldwide Corp (WYN)
Cigna Investments Inc. New cut its position in shares of Wyndham Worldwide Corp (NYSE:WYN) by 18.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,691 shares of the company’s stock after selling 852 shares during the period. Cigna Investments Inc. New’s holdings in Wyndham Worldwide Corp were worth $371,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Wyndham Worldwide Corp by 2,799.1% in the first quarter. BlackRock Inc. now owns 6,503,033 shares of the company’s stock worth $548,141,000 after buying an additional 6,278,724 shares during the period. FMR LLC boosted its stake in shares of Wyndham Worldwide Corp by 25.1% in the first quarter. FMR LLC now owns 5,031,984 shares of the company’s stock worth $424,146,000 after buying an additional 1,009,242 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Wyndham Worldwide Corp by 150.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,176,733 shares of the company’s stock worth $99,187,000 after buying an additional 707,223 shares during the period. Bessemer Group Inc. boosted its stake in shares of Wyndham Worldwide Corp by 38.8% in the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock worth $178,650,000 after buying an additional 497,029 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Wyndham Worldwide Corp by 187.1% in the first quarter. Teachers Advisors LLC now owns 691,162 shares of the company’s stock worth $58,258,000 after buying an additional 450,446 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.
Wyndham Worldwide Corp (WYN) opened at 96.72 on Friday. The firm has a 50-day moving average of $101.48 and a 200-day moving average of $93.36. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 17.81 and a beta of 1.34. Wyndham Worldwide Corp has a 1-year low of $62.60 and a 1-year high of $106.50.
Wyndham Worldwide Corp (NYSE:WYN) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ 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. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts expect that Wyndham Worldwide Corp will post $6.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.40%. Wyndham Worldwide Corp’s payout ratio is currently 43.04%.
WYN has been the subject of a number of research reports. BidaskClub raised shares of Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. 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. Stifel Nicolaus reissued a “buy” rating and issued a $110.00 price target (up from $108.00) on shares of Wyndham Worldwide Corp in a research report on Thursday, June 22nd. 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. Finally, Buckingham Research initiated coverage on shares of Wyndham Worldwide Corp in a research report on Monday, June 19th. They issued a “buy” rating and a $114.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Wyndham Worldwide Corp has a consensus rating of “Hold” and an average price target of $99.22.
In other news, Director George Herrera sold 323 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $97.60, for a total value of $31,524.80. The transaction 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 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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