State of Alaska Department of Revenue trimmed its holdings in Wyndham Destinations (NYSE:WYND) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,750 shares of the company’s stock after selling 594 shares during the period. State of Alaska Department of Revenue’s holdings in Wyndham Destinations were worth $514,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WYND. Marshall Wace LLP bought a new stake in Wyndham Destinations in the first quarter worth approximately $127,000. Amundi Pioneer Asset Management Inc. bought a new stake in Wyndham Destinations in the first quarter worth approximately $3,811,000. Deutsche Bank AG grew its position in Wyndham Destinations by 172.6% in the first quarter. Deutsche Bank AG now owns 32,201 shares of the company’s stock worth $698,000 after acquiring an additional 20,387 shares in the last quarter. Legal & General Group Plc grew its position in Wyndham Destinations by 3.1% in the first quarter. Legal & General Group Plc now owns 161,830 shares of the company’s stock worth $3,512,000 after acquiring an additional 4,877 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Wyndham Destinations by 33.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,339 shares of the company’s stock worth $463,000 after acquiring an additional 5,340 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

In other Wyndham Destinations news, insider Michael Dean Brown acquired 4,500 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $27.28 per share, for a total transaction of $122,760.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George Herrera sold 2,839 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $34.04, for a total transaction of $96,639.56. The disclosure for this sale can be found here. 1.64% of the stock is owned by corporate insiders.

WYND has been the subject of a number of analyst reports. Goldman Sachs Group upgraded shares of Wyndham Destinations from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $36.00 in a research note on Tuesday, September 8th. Zacks Investment Research upgraded shares of Wyndham Destinations from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. ValuEngine upgraded shares of Wyndham Destinations from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Wyndham Destinations from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Wyndham Destinations from $32.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 13th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $41.46.

NYSE:WYND opened at $32.62 on Friday. The stock has a market cap of $2.78 billion, a P/E ratio of -271.81 and a beta of 1.91. Wyndham Destinations has a one year low of $13.74 and a one year high of $53.13. The company has a fifty day moving average price of $31.69 and a 200 day moving average price of $28.58.

Wyndham Destinations (NYSE:WYND) last released its earnings results on Thursday, July 30th. The company reported ($1.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by ($0.41). The company had revenue of $343.00 million for the quarter, compared to analyst estimates of $342.88 million. Wyndham Destinations had a net margin of 0.13% and a negative return on equity of 13.97%. On average, research analysts forecast that Wyndham Destinations will post -1.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Monday, September 14th. Wyndham Destinations’s payout ratio is currently 35.59%.

Wyndham Destinations Company Profile

Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

Institutional Ownership by Quarter for Wyndham Destinations (NYSE:WYND)

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