Palo Capital Inc. cut its position in Wyndham Worldwide Corp (NYSE:WYN) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 21,165 shares of the company’s stock after selling 238 shares during the period. Wyndham Worldwide Corp makes up 1.2% of Palo Capital Inc.’s holdings, making the stock its 29th largest position. Palo Capital Inc.’s holdings in Wyndham Worldwide Corp were worth $2,125,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. IHT Wealth Management LLC increased 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 in the last quarter. TrimTabs Asset Management LLC increased 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 in the last quarter. Pacer Advisors Inc. increased 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 in the last quarter. Global X Management Co. LLC increased 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 worth $191,000 after buying an additional 608 shares during the period. Finally, Gofen & Glossberg LLC IL bought a new position in shares of Wyndham Worldwide Corp during the first quarter worth $202,000. Institutional investors and hedge funds own 93.43% of the company’s stock.
Wyndham Worldwide Corp (NYSE:WYN) traded down 0.28% during midday trading on Friday, hitting $97.33. 1,117,687 shares of the stock traded hands. The stock has a 50-day moving average of $102.22 and a 200 day moving average of $92.70. 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.
Wyndham Worldwide Corp (NYSE:WYN) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. Equities analysts forecast that Wyndham Worldwide Corp will post $6.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio is currently 43.04%.
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A number of brokerages recently weighed in on WYN. J P Morgan Chase & Co restated an “overweight” rating and set a $97.00 price objective (up previously from $94.00) on shares of Wyndham Worldwide Corp in a research report on Monday, April 17th. BidaskClub downgraded shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Telsey Advisory Group downgraded shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target on the stock. in a research report on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $110.00 price target (up from $108.00) on shares of Wyndham Worldwide Corp in a research report on Thursday, June 22nd. Finally, Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $99.22.
About Wyndham Worldwide Corp
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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