Shares of Wyndham Worldwide Corp (NYSE:WYN) have received an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $90.67.
WYN has been the subject of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $110.00 price objective (up from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday. MKM Partners reiterated a “buy” rating and issued a $111.00 price objective (up from $95.00) on shares of Wyndham Worldwide Corp in a report on Wednesday, April 26th. Buckingham Research initiated coverage on shares of Wyndham Worldwide Corp in a report on Monday. They issued a “buy” rating and a $114.00 price objective for the company. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Finally, Janney Montgomery Scott reiterated a “neutral” rating and issued a $87.00 price objective on shares of Wyndham Worldwide Corp in a report on Thursday, March 16th.
Wyndham Worldwide Corp (NYSE WYN) traded up 0.25% during midday trading on Friday, hitting $104.38. 1,562,751 shares of the stock were exchanged. The firm’s 50-day moving average is $98.44 and its 200 day moving average is $86.26. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 17.26 and a beta of 1.33. Wyndham Worldwide Corp has a 52 week low of $62.60 and a 52 week high of $104.45.
Wyndham Worldwide Corp (NYSE:WYN) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Wyndham Worldwide Corp had a net margin of 11.70% and a return on equity of 85.08%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.12 earnings per share. Equities research analysts expect that Wyndham Worldwide Corp will post $6.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, May 24th. Wyndham Worldwide Corp’s dividend payout ratio is presently 38.47%.
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In related news, EVP Thomas F. Anderson sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $100.06, for a total transaction of $500,300.00. Following the completion of the sale, the executive vice president now directly owns 24,043 shares of the company’s stock, valued at $2,405,742.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 345 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $96.02, for a total transaction of $33,126.90. The disclosure for this sale can be found here. 2.39% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC raised its stake in 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 raised its stake in 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. raised its stake in 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 raised its stake in 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 valued at $191,000 after buying an additional 608 shares in the last quarter. Finally, Gofen & Glossberg LLC IL acquired a new stake in Wyndham Worldwide Corp during the first quarter valued at approximately $202,000. 93.85% of the stock is owned by institutional investors and hedge funds.
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.
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