Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Wyndham Destinations (NASDAQ:WYND) by 25.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,199 shares of the company’s stock after selling 6,735 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Wyndham Destinations were worth $876,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in WYND. Jennison Associates LLC acquired a new stake in Wyndham Destinations during the third quarter worth approximately $625,000. Factorial Partners LLC boosted its position in Wyndham Destinations by 12.2% during the third quarter. Factorial Partners LLC now owns 57,000 shares of the company’s stock worth $2,472,000 after acquiring an additional 6,200 shares during the last quarter. Piedmont Investment Advisors Inc. acquired a new stake in Wyndham Destinations during the third quarter worth approximately $307,000. Commonwealth Bank of Australia boosted its position in Wyndham Destinations by 112.0% during the third quarter. Commonwealth Bank of Australia now owns 33,310 shares of the company’s stock worth $1,465,000 after acquiring an additional 17,600 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in Wyndham Destinations by 222.2% during the third quarter. MML Investors Services LLC now owns 19,442 shares of the company’s stock worth $843,000 after acquiring an additional 13,407 shares during the last quarter.
In other news, Director Stephen P. Holmes sold 30,000 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $41.46, for a total value of $1,243,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen P. Holmes sold 50,000 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $41.47, for a total transaction of $2,073,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,767 shares of company stock worth $4,194,003.
Wyndham Destinations (NASDAQ:WYND) last posted its quarterly earnings results on Thursday, November 1st. The company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Thursday, December 13th.
A number of brokerages recently issued reports on WYND. Credit Suisse Group decreased their target price on shares of Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, August 9th. Zacks Investment Research upgraded shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Saturday, August 11th. JPMorgan Chase & Co. decreased their target price on shares of Wyndham Destinations from $48.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Macquarie upgraded shares of Wyndham Destinations from an “underperform” rating to a “neutral” rating in a research report on Friday, November 2nd. Finally, Deutsche Bank set a $58.00 target price on shares of Wyndham Destinations and gave the stock a “buy” rating in a research report on Thursday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.85.
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Wyndham Destinations Profile
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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