United Services Automobile Association Cuts Position in Wyndham Worldwide Corp (WYN)

United Services Automobile Association decreased its stake in shares of Wyndham Worldwide Corp (NYSE:WYN) by 46.0% during the first quarter, Holdings Channel reports. The firm owned 34,507 shares of the company’s stock after selling 29,365 shares during the period. United Services Automobile Association’s holdings in Wyndham Worldwide Corp were worth $2,934,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC bought a new position in shares of Wyndham Worldwide Corp during the fourth quarter valued at $352,000. Baird Financial Group Inc. boosted its position in shares of Wyndham Worldwide Corp by 8.3% in the fourth quarter. Baird Financial Group Inc. now owns 15,827 shares of the company’s stock valued at $1,209,000 after buying an additional 1,218 shares during the period. Aviva PLC boosted its position in shares of Wyndham Worldwide Corp by 4.2% in the fourth quarter. Aviva PLC now owns 71,851 shares of the company’s stock valued at $5,489,000 after buying an additional 2,879 shares during the period. Brown Advisory Inc. boosted its position in shares of Wyndham Worldwide Corp by 371.1% in the fourth quarter. Brown Advisory Inc. now owns 16,083 shares of the company’s stock valued at $1,228,000 after buying an additional 12,669 shares during the period. Finally, Allianz Asset Management AG boosted its position in shares of Wyndham Worldwide Corp by 85.8% in the fourth quarter. Allianz Asset Management AG now owns 113,848 shares of the company’s stock valued at $8,694,000 after buying an additional 52,560 shares during the period. Institutional investors and hedge funds own 93.85% of the company’s stock.

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

Shares of Wyndham Worldwide Corp (NYSE:WYN) opened at 103.30 on Thursday. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 17.09 and a beta of 1.33. Wyndham Worldwide Corp has a 12 month low of $62.60 and a 12 month high of $103.70. The stock’s 50 day moving average price is $98.44 and its 200 day moving average price is $86.26.

Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. Wyndham Worldwide Corp had a return on equity of 85.08% and a net margin of 11.70%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. Analysts expect that Wyndham Worldwide Corp will post $6.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 26th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Wednesday, May 24th. Wyndham Worldwide Corp’s payout ratio is currently 38.47%.

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Several equities analysts have weighed in on WYN shares. Janney Montgomery Scott restated a “neutral” rating and set a $87.00 price objective on shares of Wyndham Worldwide Corp in a research note on Thursday, March 16th. J P Morgan Chase & Co restated an “overweight” rating and set a $97.00 price objective (up from $94.00) on shares of Wyndham Worldwide Corp in a research note on Monday, April 17th. MKM Partners restated a “buy” rating and set a $111.00 price objective (up from $95.00) on shares of Wyndham Worldwide Corp in a research note on Wednesday, April 26th. Wolfe Research cut Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $88.50.

In other news, Director George Herrera sold 345 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $96.02, for a total transaction of $33,126.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas F. Anderson sold 5,000 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $100.06, for a total value of $500,300.00. Following the transaction, the executive vice president now directly owns 24,043 shares in the company, valued at $2,405,742.58. The disclosure for this sale can be found here. Corporate insiders own 2.39% of the company’s stock.

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.

Want to see what other hedge funds are holding WYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Worldwide Corp (NYSE:WYN).

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