Public Employees Retirement System of Ohio purchased a new stake in Wyndham Destinations (NASDAQ:WYND) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 60,242 shares of the company’s stock, valued at approximately $2,667,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Wyndham Destinations as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiera Capital Corp purchased a new position in shares of Wyndham Destinations in the second quarter valued at $16,310,000. Convergence Investment Partners LLC purchased a new position in Wyndham Destinations during the second quarter worth about $710,000. US Bancorp DE purchased a new position in Wyndham Destinations during the second quarter worth about $3,819,000. Laurion Capital Management LP purchased a new position in Wyndham Destinations during the second quarter worth about $10,193,000. Finally, Nisa Investment Advisors LLC purchased a new position in Wyndham Destinations during the second quarter worth about $1,119,000.
Wyndham Destinations stock opened at $40.08 on Monday. Wyndham Destinations has a 52 week low of $39.79 and a 52 week high of $57.67.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.09%. The ex-dividend date was Thursday, September 13th.
In other Wyndham Destinations news, Director George Herrera sold 747 shares of Wyndham Destinations stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $44.61, for a total transaction of $33,323.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Dean Brown purchased 6,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were purchased at an average cost of $45.20 per share, with a total value of $271,200.00. The disclosure for this purchase can be found here.
WYND has been the subject of several recent analyst reports. SunTrust Banks initiated coverage on Wyndham Destinations in a research report on Thursday, June 14th. They set a “buy” rating and a $69.00 target price for the company. Zacks Investment Research upgraded Wyndham Destinations from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Saturday, August 11th. TheStreet upgraded Wyndham Destinations from a “c” rating to a “b” rating in a research report on Monday, July 16th. Jefferies Financial Group initiated coverage on Wyndham Destinations in a research report on Monday, July 16th. They set a “buy” rating and a $65.00 target price for the company. Finally, Credit Suisse Group reduced their target price on Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, August 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wyndham Destinations currently has a consensus rating of “Buy” and a consensus price target of $58.71.
Wyndham Destinations Profile
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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