Great West Life Assurance Co. Can Sells 2,900 Shares of Wyndham Worldwide Co. (NYSE:WYN)
Great West Life Assurance Co. Can reduced its stake in Wyndham Worldwide Co. (NYSE:WYN) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,746 shares of the company’s stock after selling 2,900 shares during the period. Great West Life Assurance Co. Can’s holdings in Wyndham Worldwide were worth $7,496,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC increased its position in Wyndham Worldwide by 8,204.2% in the second quarter. Harbour Capital Advisors LLC now owns 204,033 shares of the company’s stock valued at $2,032,000 after buying an additional 201,576 shares during the period. Parkwood LLC bought a new position in Wyndham Worldwide during the second quarter valued at approximately $298,000. Boston Advisors LLC increased its position in Wyndham Worldwide by 256.9% in the second quarter. Boston Advisors LLC now owns 228,024 shares of the company’s stock valued at $22,896,000 after buying an additional 164,139 shares during the period. Contravisory Investment Management Inc. increased its position in Wyndham Worldwide by 1.3% in the second quarter. Contravisory Investment Management Inc. now owns 3,284 shares of the company’s stock valued at $330,000 after buying an additional 43 shares during the period. Finally, Copeland Capital Management LLC increased its position in Wyndham Worldwide by 7.5% in the second quarter. Copeland Capital Management LLC now owns 157,197 shares of the company’s stock valued at $15,784,000 after buying an additional 11,017 shares during the period. 93.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wyndham Worldwide Co. (NYSE:WYN) opened at 97.33 on Friday. Wyndham Worldwide Co. has a 52 week low of $62.60 and a 52 week high of $106.50. The company has a market cap of $10.00 billion, a P/E ratio of 17.92 and a beta of 1.34. The company’s 50-day moving average price is $102.22 and its 200 day moving average price is $92.70.
Wyndham Worldwide (NYSE:WYN) last announced its earnings results on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.03. Wyndham Worldwide had a return on equity of 50.10% and a net margin of 5.27%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Wyndham Worldwide Co. will post $6.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.58 per share. 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 2.38%. Wyndham Worldwide’s payout ratio is currently 43.04%.
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Several research analysts have recently commented on the company. BidaskClub downgraded Wyndham Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Telsey Advisory Group downgraded Wyndham Worldwide from an “outperform” rating to a “market perform” rating and set a $115.00 price objective on the stock. in a research note on Friday, August 4th. Zacks Investment Research downgraded Wyndham Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $108.00) on shares of Wyndham Worldwide in a research note on Thursday, June 22nd. Finally, Buckingham Research assumed coverage on Wyndham Worldwide in a research note on Monday, June 19th. They issued a “buy” rating and a $114.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $99.22.
About Wyndham Worldwide
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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