Parametric Portfolio Associates LLC bought a new stake in Wyndham Destinations (NYSE:WYND) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 508,563 shares of the company’s stock, valued at approximately $22,326,000. Parametric Portfolio Associates LLC owned about 0.55% of Wyndham Destinations at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of WYND. Huntington National Bank bought a new position in Wyndham Destinations during the second quarter worth about $25,000. NuWave Investment Management LLC acquired a new position in Wyndham Destinations during the 2nd quarter worth $25,000. First Financial Corp IN acquired a new position in Wyndham Destinations during the 2nd quarter worth $26,000. Manchester Capital Management LLC acquired a new position in Wyndham Destinations during the 2nd quarter worth $27,000. Finally, Trustcore Financial Services LLC acquired a new position in Wyndham Destinations during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 88.35% of the company’s stock.
In other news, insider Noah Brodsky sold 7,803 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $44.46, for a total value of $346,921.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 1,904 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $48.70, for a total transaction of $92,724.80. Insiders sold 15,007 shares of company stock valued at $667,440 in the last 90 days. Corporate insiders own 1.59% of the company’s stock.
Wyndham Destinations (NYSE:WYND) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.36 by $0.09. Wyndham Destinations had a negative return on equity of 90.37% and a net margin of 11.67%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts predict that Wyndham Destinations will post 5.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.45 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.82%. Wyndham Destinations’s payout ratio is currently 38.38%.
A number of research firms have weighed in on WYND. Zacks Investment Research lowered shares of Wyndham Destinations from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group set a $62.00 target price on shares of Wyndham Destinations and gave the stock a “buy” rating in a research note on Friday, August 30th. Nomura raised their target price on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Wyndham Destinations from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, SunTrust Banks set a $75.00 target price on shares of Wyndham Destinations and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Wyndham Destinations currently has an average rating of “Buy” and an average price target of $57.63.
About Wyndham Destinations
Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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