Donaldson Capital Management LLC Lifted Holding in Wyndham Worldwide Co. (WYN)

Donaldson Capital Management LLC Lifted Holding in Wyndham Worldwide Co. (WYN)

Donaldson Capital Management LLC boosted its stake in Wyndham Worldwide Co. (NYSE:WYN) by 278.3% during the first quarter, Holdings Channel reports. The institutional investor owned 29,203 shares of the company’s stock after buying an additional 21,484 shares during the period. Donaldson Capital Management LLC’s holdings in Wyndham Worldwide were worth $2,462,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TrimTabs Asset Management LLC boosted its stake in shares of Wyndham Worldwide 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 during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Wyndham Worldwide 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 during the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Wyndham Worldwide during the third quarter valued at approximately $192,000. IFP Advisors Inc boosted its stake in shares of Wyndham Worldwide by 29.8% in the first quarter. IFP Advisors Inc now owns 2,498 shares of the company’s stock valued at $211,000 after buying an additional 574 shares during the last quarter. Finally, James Investment Research Inc. boosted its stake in shares of Wyndham Worldwide by 154.0% in the first quarter. James Investment Research Inc. now owns 2,680 shares of the company’s stock valued at $226,000 after buying an additional 1,625 shares during the last quarter. 94.41% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Worldwide Co. (WYN) traded up 0.99% during midday trading on Wednesday, hitting $100.99. 951,761 shares of the stock traded hands. Wyndham Worldwide Co. has a 52 week low of $62.60 and a 52 week high of $102.44. The stock has a market capitalization of $10.53 billion, a P/E ratio of 16.70 and a beta of 1.24. The stock’s 50-day moving average price is $94.78 and its 200-day moving average price is $83.37.

Wyndham Worldwide (NYSE:WYN) last issued 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. Wyndham Worldwide had a net margin of 10.52% and a return on equity of 71.67%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $1.12 EPS. Wyndham Worldwide’s revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that Wyndham Worldwide Co. will post $6.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 26th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $2.32 dividend on an annualized basis and a yield of 2.30%. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 38.31%.

Several analysts have commented on the stock. Wolfe Research cut shares of Wyndham Worldwide from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 27th. Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Stifel Nicolaus dropped their target price on shares of Wyndham Worldwide from $108.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, May 1st. MKM Partners reiterated a “buy” rating and set a $111.00 target price (up previously from $95.00) on shares of Wyndham Worldwide in a research report on Wednesday, April 26th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $97.00 target price (up previously from $94.00) on shares of Wyndham Worldwide in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.67.

In related news, Director George Herrera sold 345 shares of Wyndham Worldwide stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $96.02, for a total transaction of $33,126.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mary R. Falvey sold 24,471 shares of Wyndham Worldwide stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $83.55, for a total transaction of $2,044,552.05. Following the transaction, the vice president now directly owns 89,218 shares of the company’s stock, valued at $7,454,163.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,258 shares of company stock valued at $5,181,313. 2.03% of the stock is currently owned by corporate insiders.

About Wyndham Worldwide

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WYN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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