Investors Buy High Volume of Wyndham Worldwide Corp Put Options (WYN)
Wyndham Worldwide Corp (NYSE:WYN) was the target of unusually large options trading on Thursday. Stock investors acquired 3,546 put options on the stock. This is an increase of Infinity compared to the typical daily volume of 0 put options.
Wyndham Worldwide Corp (NYSE:WYN) opened at $106.07 on Friday. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81. Wyndham Worldwide Corp has a 52-week low of $68.61 and a 52-week high of $110.74. The company has a market capitalization of $10,835.82, a PE ratio of 17.68 and a beta of 1.35.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company posted $1.89 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. equities research analysts anticipate that Wyndham Worldwide Corp will post 6.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.32 annualized dividend and a dividend yield of 2.19%. Wyndham Worldwide Corp’s dividend payout ratio is presently 41.58%.
Wyndham Worldwide Corp announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In related news, Director George Herrera sold 311 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total value of $32,910.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.39% of the company’s stock.
Several institutional investors have recently made changes to their positions in WYN. HighTower Advisors LLC acquired a new stake in shares of Wyndham Worldwide Corp during the first quarter valued at about $392,000. Janus Capital Management LLC grew its stake in shares of Wyndham Worldwide Corp by 37.5% during the first quarter. Janus Capital Management LLC now owns 27,485 shares of the company’s stock valued at $2,317,000 after acquiring an additional 7,500 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Wyndham Worldwide Corp by 5.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 14,700 shares of the company’s stock valued at $1,239,000 after acquiring an additional 740 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of Wyndham Worldwide Corp during the second quarter valued at about $241,000. Finally, NN Investment Partners Holdings N.V. grew its stake in shares of Wyndham Worldwide Corp by 13.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 29,277 shares of the company’s stock valued at $2,939,000 after acquiring an additional 3,425 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.
Several research analysts recently weighed in on the company. BidaskClub lowered Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Telsey Advisory Group lowered Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered Wyndham Worldwide Corp from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $108.29.
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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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