First Eagle Investment Management LLC Has $77.13 Million Stake in Wyndham Worldwide Corp (WYN)
First Eagle Investment Management LLC decreased its position in shares of Wyndham Worldwide Corp (NYSE:WYN) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 731,676 shares of the company’s stock after selling 116,510 shares during the quarter. First Eagle Investment Management LLC owned about 0.72% of Wyndham Worldwide Corp worth $77,126,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in shares of Wyndham Worldwide Corp by 16.5% during the third quarter. Sei Investments Co. now owns 140,933 shares of the company’s stock valued at $14,856,000 after acquiring an additional 19,983 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Wyndham Worldwide Corp by 3.4% during the third quarter. BNP Paribas Arbitrage SA now owns 269,474 shares of the company’s stock valued at $28,405,000 after acquiring an additional 8,744 shares during the period. HL Financial Services LLC acquired a new position in shares of Wyndham Worldwide Corp during the third quarter valued at $3,755,000. Swiss National Bank boosted its holdings in shares of Wyndham Worldwide Corp by 0.4% during the third quarter. Swiss National Bank now owns 384,500 shares of the company’s stock valued at $40,530,000 after acquiring an additional 1,500 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of Wyndham Worldwide Corp during the third quarter valued at $343,000. 95.75% of the stock is owned by institutional investors.
Shares of Wyndham Worldwide Corp (NYSE WYN) traded up $0.23 during midday trading on Tuesday, hitting $106.30. 1,128,100 shares of the company were exchanged, compared to its average volume of 1,133,256. Wyndham Worldwide Corp has a fifty-two week low of $69.76 and a fifty-two week high of $110.74. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. The company has a market capitalization of $10,747.67, a PE ratio of 17.53 and a beta of 1.35.
Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings data 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 net margin of 10.20% and a return on equity of 97.31%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. analysts expect that Wyndham Worldwide Corp will post 6.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, November 24th. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is presently 41.58%.
Wyndham Worldwide Corp announced that its board has initiated a stock buyback program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
In other Wyndham Worldwide Corp news, Director George Herrera sold 311 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.39% of the stock is currently owned by insiders.
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Several brokerages have recently issued reports on WYN. Zacks Investment Research downgraded shares of Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a report on Monday, October 30th. BidaskClub downgraded shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Telsey Advisory Group downgraded shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $108.29.
Wyndham Worldwide Corp 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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