CIBC Asset Management Inc reduced its stake in shares of Wyndham Worldwide Corp (NYSE:WYN) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,358 shares of the company’s stock after selling 163 shares during the period. CIBC Asset Management Inc’s holdings in Wyndham Worldwide Corp were worth $1,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WYN. IHT Wealth Management LLC boosted its position in shares of Wyndham Worldwide Corp by 15.9% in the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after buying an additional 201 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Wyndham Worldwide Corp by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock valued at $135,000 after buying an additional 752 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Wyndham Worldwide Corp by 125.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after buying an additional 824 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Wyndham Worldwide Corp by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock valued at $167,000 after buying an additional 66 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in shares of Wyndham Worldwide Corp by 36.6% in the first quarter. Global X Management Co. LLC now owns 2,269 shares of the company’s stock valued at $191,000 after buying an additional 608 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Shares of Wyndham Worldwide Corp (NYSE:WYN) opened at 97.33 on Friday. Wyndham Worldwide Corp has a 52 week low of $62.60 and a 52 week high of $106.50. The firm has a market cap of $10.00 billion, a PE ratio of 17.92 and a beta of 1.34. The company’s 50-day moving average is $102.22 and its 200-day moving average is $92.70.

Wyndham Worldwide Corp (NYSE:WYN) last released its earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.03. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts forecast that Wyndham Worldwide Corp will post $6.20 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.32 annualized dividend and a yield of 2.38%. Wyndham Worldwide Corp’s payout ratio is 43.04%.

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Several research analysts have recently issued reports on the stock. J P Morgan Chase & Co restated an “overweight” rating and issued a $97.00 target price (up previously from $94.00) on shares of Wyndham Worldwide Corp in a report on Monday, April 17th. BidaskClub cut shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Telsey Advisory Group cut shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a report on Friday, August 4th. Stifel Nicolaus restated a “buy” rating and issued a $110.00 target price (up previously from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $99.22.

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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Institutional Ownership by Quarter for Wyndham Worldwide Corp (NYSE:WYN)

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