BNP Paribas Arbitrage SA boosted its position in shares of Wyndham Worldwide Corp (NYSE:WYN) by 7.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 260,730 shares of the company’s stock after buying an additional 18,101 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.25% of Wyndham Worldwide Corp worth $26,180,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. James Investment Research Inc. boosted its position in Wyndham Worldwide Corp by 154.0% in the first quarter. James Investment Research Inc. now owns 2,680 shares of the company’s stock worth $226,000 after buying an additional 1,625 shares in the last quarter. Karp Capital Management Corp purchased a new position in Wyndham Worldwide Corp during the first quarter worth approximately $4,652,000. Brant Point Investment Management LLC purchased a new position in Wyndham Worldwide Corp during the first quarter worth approximately $3,346,000. State of Tennessee Treasury Department boosted its position in Wyndham Worldwide Corp by 58.0% in the first quarter. State of Tennessee Treasury Department now owns 87,036 shares of the company’s stock worth $7,336,000 after buying an additional 31,953 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in Wyndham Worldwide Corp during the first quarter worth approximately $392,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wyndham Worldwide Corp (NYSE WYN) opened at 96.15 on Friday. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 17.71 and a beta of 1.34. Wyndham Worldwide Corp has a 52-week low of $62.60 and a 52-week high of $106.50. The firm’s 50-day moving average is $101.60 and its 200 day moving average is $93.23.
Wyndham Worldwide Corp (NYSE:WYN) last posted its earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $1.40 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts expect that Wyndham Worldwide Corp will post $6.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.58 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.41%. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is presently 43.04%.
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WYN has been the topic of a number of research analyst reports. Wolfe Research cut Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 27th. BidaskClub lowered shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Telsey Advisory Group lowered shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a research report on Friday, August 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $110.00 price target (up from $108.00) on shares of Wyndham Worldwide Corp in a research report on Thursday, June 22nd. One research 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. Wyndham Worldwide Corp presently has a consensus rating of “Hold” and an average target price of $99.22.
In other news, Director George Herrera sold 323 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $97.60, for a total value of $31,524.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.39% of the company’s stock.
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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