Donaldson Capital Management LLC Buys 759 Shares of Wyndham Worldwide Corp (WYN)
Donaldson Capital Management LLC increased its stake in Wyndham Worldwide Corp (NYSE:WYN) by 2.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,158 shares of the company’s stock after acquiring an additional 759 shares during the quarter. Donaldson Capital Management LLC’s holdings in Wyndham Worldwide Corp were worth $3,706,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Dubuque Bank & Trust Co. grew its holdings in shares of Wyndham Worldwide Corp by 125.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock worth $149,000 after acquiring an additional 824 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of Wyndham Worldwide Corp in the 2nd quarter worth $158,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Wyndham Worldwide Corp by 26.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after acquiring an additional 338 shares during the last quarter. Smithfield Trust Co. acquired a new position in shares of Wyndham Worldwide Corp in the 2nd quarter worth $170,000. Finally, Weatherly Asset Management L. P. acquired a new position in shares of Wyndham Worldwide Corp in the 2nd quarter worth $200,000. Institutional investors and hedge funds own 95.75% of the company’s stock.
A number of brokerages recently issued reports on WYN. Telsey Advisory Group cut Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Friday, August 4th. BidaskClub cut Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research cut Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $108.29.
In other news, Director George Herrera sold 311 shares of Wyndham Worldwide Corp stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.39% of the company’s stock.
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Shares of Wyndham Worldwide Corp (NYSE:WYN) traded up $1.75 during mid-day trading on Friday, hitting $108.23. The stock had a trading volume of 967,100 shares, compared to its average volume of 1,130,881. Wyndham Worldwide Corp has a twelve month low of $71.25 and a twelve month high of $110.74. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 9.00. The stock has a market capitalization of $11,040.00, a P/E ratio of 17.61 and a beta of 1.35.
Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Wyndham Worldwide Corp had a return on equity of 97.31% and a net margin of 10.20%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. Wyndham Worldwide Corp’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts anticipate that Wyndham Worldwide Corp will post 6.04 EPS for the current fiscal year.
Wyndham Worldwide Corp declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, November 24th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.14%. Wyndham Worldwide Corp’s dividend payout ratio is 41.65%.
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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