Traders Buy Wyndham Worldwide (WYN) on Weakness
Investors bought shares of Wyndham Worldwide Co. (NYSE:WYN) on weakness during trading hours on Monday. $36.25 million flowed into the stock on the tick-up and $11.20 million flowed out of the stock on the tick-down, for a money net flow of $25.05 million into the stock. Of all stocks tracked, Wyndham Worldwide had the 25th highest net in-flow for the day. Wyndham Worldwide traded down ($0.31) for the day and closed at $112.74
Separately, Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 target price for the company in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $108.29.
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 company has a market capitalization of $11,423.52, a price-to-earnings ratio of 18.64 and a beta of 1.35.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, November 24th. Wyndham Worldwide’s dividend payout ratio is currently 41.58%.
Wyndham Worldwide declared that its Board of Directors 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 purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership 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 shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.39% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in Wyndham Worldwide by 861.3% during the second quarter. Janus Henderson Group PLC now owns 125,294 shares of the company’s stock valued at $12,581,000 after buying an additional 112,260 shares during the period. Lipe & Dalton bought a new position in Wyndham Worldwide during the second quarter worth about $3,463,000. State of Tennessee Treasury Department boosted its position in Wyndham Worldwide by 16.6% during the second quarter. State of Tennessee Treasury Department now owns 101,473 shares of the company’s stock worth $10,189,000 after purchasing an additional 14,437 shares during the period. Freestone Capital Holdings LLC boosted its position in Wyndham Worldwide by 9.0% during the second quarter. Freestone Capital Holdings LLC now owns 43,772 shares of the company’s stock worth $4,395,000 after purchasing an additional 3,614 shares during the period. Finally, AXA boosted its position in Wyndham Worldwide by 91.0% during the second quarter. AXA now owns 432,100 shares of the company’s stock worth $43,387,000 after purchasing an additional 205,900 shares during the period. Hedge funds and other institutional investors own 94.13% of the company’s stock.
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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