Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Wyndham Destinations (NASDAQ:WYND) by 82.5% in the third quarter, HoldingsChannel.com reports. The firm owned 5,999 shares of the company’s stock after purchasing an additional 2,711 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wyndham Destinations were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in Wyndham Destinations in the 2nd quarter valued at $103,000. Amica Retiree Medical Trust grew its stake in Wyndham Destinations by 176.3% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,409 shares of the company’s stock valued at $104,000 after purchasing an additional 1,537 shares during the period. Alps Advisors Inc. bought a new position in Wyndham Destinations in the 2nd quarter valued at $287,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in Wyndham Destinations in the 2nd quarter valued at $204,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in Wyndham Destinations in the 2nd quarter valued at $212,000.
A number of research analysts have issued reports on WYND shares. Goldman Sachs Group downgraded Wyndham Destinations from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research note on Monday, November 26th. They noted that the move was a valuation call. TheStreet downgraded Wyndham Destinations from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Zacks Investment Research downgraded Wyndham Destinations from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. JPMorgan Chase & Co. reduced their price objective on Wyndham Destinations from $48.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Finally, Oppenheimer set a $66.00 price target on Wyndham Destinations and gave the company 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 assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.85.
Wyndham Destinations (NASDAQ:WYND) last issued its quarterly earnings results on Thursday, November 1st. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. The firm’s revenue was up 4.6% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.22%.
In related news, Director George Herrera sold 767 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $43.68, for a total transaction of $33,502.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen P. Holmes sold 30,000 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $41.46, for a total value of $1,243,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 100,767 shares of company stock worth $4,194,003 in the last ninety days.
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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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