M&T Bank Corp Trimmeds Holding in Wyndham Worldwide Co. (WYN)

M&T Bank Corp Trimmeds Holding in Wyndham Worldwide Co. (WYN)

M&T Bank Corp lowered its position in shares of Wyndham Worldwide Co. (NYSE:WYN) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,853 shares of the company’s stock after selling 3,818 shares during the period. M&T Bank Corp’s holdings in Wyndham Worldwide were worth $2,601,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WYN. Meiji Yasuda Life Insurance Co increased its position in Wyndham Worldwide by 2.0% in the first quarter. Meiji Yasuda Life Insurance Co now owns 5,160 shares of the company’s stock worth $435,000 after buying an additional 100 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of Wyndham Worldwide by 526.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 25,852 shares of the company’s stock valued at $2,180,000 after buying an additional 21,726 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of Wyndham Worldwide by 0.4% in the first quarter. Aberdeen Asset Management PLC UK now owns 104,533 shares of the company’s stock valued at $8,812,000 after buying an additional 437 shares during the period. Pacer Advisors Inc. increased 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 period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Wyndham Worldwide by 31.9% in the first quarter. Envestnet Asset Management Inc. now owns 51,976 shares of the company’s stock valued at $4,381,000 after buying an additional 12,578 shares during the period. Hedge funds and other institutional investors own 94.41% of the company’s stock.

Wyndham Worldwide Co. (WYN) traded up 0.99% during trading on Wednesday, reaching $100.99. The company’s stock had a trading volume of 951,761 shares. The stock’s 50-day moving average is $94.78 and its 200 day moving average is $83.37. Wyndham Worldwide Co. has a 12 month low of $62.60 and a 12 month high of $102.44. The company has a market cap of $10.53 billion, a P/E ratio of 16.70 and a beta of 1.24.

Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.03. Wyndham Worldwide had a net margin of 10.52% and a return on equity of 71.67%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that Wyndham Worldwide Co. will post $6.17 EPS for the current fiscal year.

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

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

In other Wyndham Worldwide news, EVP Thomas F. Anderson sold 5,000 shares of Wyndham Worldwide 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 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 legal filing with the SEC, which is available at the SEC website. Also, CEO Geoffrey A. Ballotti sold 13,405 shares of Wyndham Worldwide stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $83.38, for a total transaction of $1,117,708.90. Following the completion of the sale, the chief executive officer now directly owns 127,784 shares of the company’s stock, valued at $10,654,629.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,258 shares of company stock valued at $5,181,313. Insiders own 2.03% of the company’s stock.

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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