Oppenheimer & Co. Inc. acquired a new position in shares of Wyndham Destinations (NYSE:WYND) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,759 shares of the company’s stock, valued at approximately $340,000.
Several other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of Wyndham Destinations by 29.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,104 shares of the company’s stock worth $49,000 after acquiring an additional 253 shares in the last quarter. Poehling Capital Management LLC boosted its position in shares of Wyndham Destinations by 3.3% during the 2nd quarter. Poehling Capital Management LLC now owns 8,540 shares of the company’s stock worth $375,000 after acquiring an additional 275 shares in the last quarter. Machina Capital S.A.S. boosted its position in shares of Wyndham Destinations by 11.1% during the 2nd quarter. Machina Capital S.A.S. now owns 3,444 shares of the company’s stock worth $151,000 after acquiring an additional 344 shares in the last quarter. Huntington National Bank acquired a new position in shares of Wyndham Destinations during the 2nd quarter worth about $25,000. Finally, NuWave Investment Management LLC acquired a new position in shares of Wyndham Destinations during the 2nd quarter worth about $25,000. 88.72% of the stock is owned by institutional investors and hedge funds.
In other Wyndham Destinations news, insider Noah Brodsky sold 7,803 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $44.46, for a total transaction of $346,921.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Dean Brown acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $40.16 per share, with a total value of $200,800.00. The disclosure for this purchase can be found here. 1.59% of the stock is owned by corporate insiders.
Wyndham Destinations (NYSE:WYND) last announced its earnings results on Tuesday, July 30th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Wyndham Destinations had a negative return on equity of 90.37% and a net margin of 11.67%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. Equities analysts anticipate that Wyndham Destinations will post 5.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.76%. Wyndham Destinations’s dividend payout ratio (DPR) is presently 38.38%.
Several research analysts have recently issued reports on WYND shares. JPMorgan Chase & Co. upped their price objective on Wyndham Destinations from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. SunTrust Banks set a $75.00 price objective on Wyndham Destinations and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research reaffirmed a “hold” rating and set a $49.00 price objective on shares of Wyndham Destinations in a research report on Sunday. Jefferies Financial Group set a $62.00 price objective on Wyndham Destinations and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Nomura upped their price objective on Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Wyndham Destinations has a consensus rating of “Buy” and a consensus target price of $57.07.
Wyndham Destinations Company Profile
Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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