Wyndham Worldwide Co. (WYN) Shares Sold by Axa
Axa trimmed its holdings in Wyndham Worldwide Co. (NYSE:WYN) by 4.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 411,763 shares of the company’s stock after selling 20,337 shares during the quarter. Axa owned about 0.41% of Wyndham Worldwide worth $43,404,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WYN. Vanguard Group Inc. boosted its position in Wyndham Worldwide by 0.5% in the second quarter. Vanguard Group Inc. now owns 10,449,345 shares of the company’s stock worth $1,049,218,000 after purchasing an additional 50,307 shares during the last quarter. FMR LLC boosted its position in Wyndham Worldwide by 88.5% in the second quarter. FMR LLC now owns 9,483,756 shares of the company’s stock worth $952,263,000 after purchasing an additional 4,451,772 shares during the last quarter. BlackRock Inc. boosted its position in Wyndham Worldwide by 1.3% in the second quarter. BlackRock Inc. now owns 6,586,534 shares of the company’s stock worth $661,354,000 after purchasing an additional 83,501 shares during the last quarter. LSV Asset Management boosted its position in Wyndham Worldwide by 1.7% in the second quarter. LSV Asset Management now owns 3,201,503 shares of the company’s stock worth $321,462,000 after purchasing an additional 54,923 shares during the last quarter. Finally, Iridian Asset Management LLC CT boosted its position in Wyndham Worldwide by 40.6% in the third quarter. Iridian Asset Management LLC CT now owns 2,188,588 shares of the company’s stock worth $230,699,000 after purchasing an additional 631,648 shares during the last quarter. Institutional investors own 94.13% of the company’s stock.
In other news, Director George Herrera sold 311 shares of Wyndham Worldwide stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.39% of the stock is owned by insiders.
Wyndham Worldwide (NYSE:WYN) last announced its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.01. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $1.89 earnings per share. equities analysts forecast that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.
Wyndham Worldwide declared that its board has authorized a share buyback plan 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 plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.06%. Wyndham Worldwide’s payout ratio is currently 41.58%.
Separately, Zacks Investment Research raised Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $108.29.
Wyndham Worldwide 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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