Wyndham Worldwide (NYSE:WYN) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $129.22.
WYN has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Tuesday, March 20th. Wolfe Research upgraded shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. Goldman Sachs upgraded shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Stifel Nicolaus lifted their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.
WYN stock traded down $3.34 during midday trading on Monday, reaching $111.09. 1,156,447 shares of the company’s stock traded hands, compared to its average volume of 989,715. The stock has a market cap of $11,411.36, a price-to-earnings ratio of 20.20 and a beta of 1.34. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 6.44. Wyndham Worldwide has a fifty-two week low of $83.40 and a fifty-two week high of $127.96.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 48.00%.
In related news, VP Nicola Rossi sold 2,863 shares of Wyndham Worldwide stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $117.50, for a total value of $336,402.50. Following the completion of the sale, the vice president now owns 250 shares in the company, valued at $29,375. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Geoffrey A. Ballotti sold 8,968 shares of Wyndham Worldwide stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $114.73, for a total transaction of $1,028,898.64. Following the completion of the sale, the chief executive officer now owns 137,784 shares of the company’s stock, valued at approximately $15,807,958.32. The disclosure for this sale can be found here. Insiders have sold 19,510 shares of company stock worth $2,273,541 in the last quarter. Insiders own 2.39% of the company’s stock.
Large investors have recently modified their holdings of the stock. Lourd Capital LLC bought a new stake in shares of Wyndham Worldwide in the fourth quarter worth $231,000. Legal & General Group Plc increased its stake in shares of Wyndham Worldwide by 1.7% in the third quarter. Legal & General Group Plc now owns 593,617 shares of the company’s stock worth $62,573,000 after buying an additional 9,892 shares during the last quarter. Palo Capital Inc. increased its stake in shares of Wyndham Worldwide by 10.3% in the fourth quarter. Palo Capital Inc. now owns 23,705 shares of the company’s stock worth $2,747,000 after buying an additional 2,222 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Wyndham Worldwide by 0.4% in the third quarter. Stifel Financial Corp now owns 285,656 shares of the company’s stock worth $30,115,000 after buying an additional 1,007 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Wyndham Worldwide by 1.1% in the third quarter. Asset Management One Co. Ltd. now owns 167,558 shares of the company’s stock worth $17,661,000 after buying an additional 1,866 shares during the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.
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Wyndham Worldwide Company Profile
Wyndham Worldwide Corporation provides hospitality services and products to individual and business customers worldwide. It operates through three segments: Hotel Group, Destination Network, and Vacation Ownership. The Hotel Group segment primarily franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, as well as provides property management services for full-service and select limited-service hotels.
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