First National Bank of Mount Dora Trust Investment Services lessened its stake in shares of Wyndham Worldwide Co. (NYSE:WYN) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,516 shares of the company’s stock after selling 2,765 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Wyndham Worldwide were worth $3,073,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA purchased a new stake in Wyndham Worldwide during the 2nd quarter valued at about $158,000. Jane Street Group LLC purchased a new stake in Wyndham Worldwide during the 3rd quarter valued at about $209,000. Pacer Advisors Inc. grew its stake in Wyndham Worldwide by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock valued at $217,000 after acquiring an additional 171 shares in the last quarter. Rational Advisors LLC purchased a new stake in Wyndham Worldwide during the 3rd quarter valued at about $253,000. Finally, Cetera Investment Advisers purchased a new stake in Wyndham Worldwide during the 2nd quarter valued at about $300,000. Hedge funds and other institutional investors own 94.01% of the company’s stock.
In other news, Director George Herrera sold 311 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction on Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the sale, the vice president now owns 8,917 shares in the company, valued at $1,025,455. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by company insiders.
Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. equities analysts predict that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.
Wyndham Worldwide announced that its Board of Directors has approved a stock buyback program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several analysts have recently weighed in on the stock. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus increased their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. Macquarie initiated coverage on shares of Wyndham Worldwide in a research report on Friday, January 5th. They set an “underperform” rating for the company. Zacks Investment Research raised shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Wyndham Worldwide presently has an average rating of “Hold” and an average price target of $110.14.
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Wyndham Worldwide 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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