Wyndham Worldwide Co. (WYN) Holdings Reduced by Municipal Employees Retirement System of Michigan
Municipal Employees Retirement System of Michigan decreased its holdings in shares of Wyndham Worldwide Co. (NYSE:WYN) by 24.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,660 shares of the company’s stock after selling 850 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Wyndham Worldwide were worth $280,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WYN. San Francisco Sentry Investment Group CA bought a new position in shares of Wyndham Worldwide in the 2nd quarter worth approximately $158,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Wyndham Worldwide by 26.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after acquiring an additional 338 shares in the last quarter. Advisor Partners LLC bought a new position in shares of Wyndham Worldwide in the 2nd quarter worth approximately $206,000. Pacer Advisors Inc. raised its position in shares of Wyndham Worldwide by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock worth $217,000 after acquiring an additional 171 shares in the last quarter. Finally, BB&T Securities LLC raised its position in shares of Wyndham Worldwide by 2.3% in the 2nd quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after acquiring an additional 56 shares in the last quarter. 94.13% of the stock is owned by institutional investors and hedge funds.
Wyndham Worldwide Co. (NYSE:WYN) traded down $0.31 during trading on Tuesday, hitting $112.74. The company had a trading volume of 981,200 shares, compared to its average volume of 1,111,693. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market cap of $11,420.00, a P/E ratio of 18.69 and a beta of 1.35. Wyndham Worldwide Co. has a 52 week low of $75.36 and a 52 week high of $114.49.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.67 billion. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 EPS. research analysts predict that Wyndham Worldwide Co. will post 6.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 27th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, November 24th. This represents a $2.32 annualized dividend and a dividend yield of 2.06%. Wyndham Worldwide’s payout ratio is currently 41.65%.
Wyndham Worldwide announced that its board has authorized a stock repurchase program on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
Separately, Zacks Investment Research lowered Wyndham Worldwide 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 given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $108.29.
In related news, Director George Herrera sold 311 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total value of $32,910.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.39% of the company’s stock.
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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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