Wittenberg Investment Management Inc. Sells 600 Shares of Wyndham Worldwide Corp (WYN)

Wittenberg Investment Management Inc. decreased its holdings in Wyndham Worldwide Corp (NYSE:WYN) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,705 shares of the company’s stock after selling 600 shares during the quarter. Wittenberg Investment Management Inc.’s holdings in Wyndham Worldwide Corp were worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WYN. Strs Ohio boosted its stake in shares of Wyndham Worldwide Corp by 0.6% in the first quarter. Strs Ohio now owns 9,128 shares of the company’s stock valued at $769,000 after purchasing an additional 57 shares during the period. Wells Fargo & Company MN raised its holdings in Wyndham Worldwide Corp by 9.2% in the first quarter. Wells Fargo & Company MN now owns 335,141 shares of the company’s stock valued at $28,249,000 after acquiring an additional 28,222 shares in the last quarter. First Trust Advisors LP raised its holdings in Wyndham Worldwide Corp by 110.3% in the first quarter. First Trust Advisors LP now owns 90,609 shares of the company’s stock valued at $7,637,000 after acquiring an additional 47,528 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Wyndham Worldwide Corp by 81.4% in the first quarter. Advisors Asset Management Inc. now owns 9,581 shares of the company’s stock valued at $808,000 after acquiring an additional 4,300 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Wyndham Worldwide Corp by 116.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 7,892 shares of the company’s stock valued at $697,000 after acquiring an additional 4,240 shares in the last quarter. 94.84% of the stock is owned by institutional investors and hedge funds.

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In other news, Director George Herrera sold 323 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $97.60, for a total transaction of $31,524.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.39% of the company’s stock.

Wyndham Worldwide Corp (NYSE:WYN) traded down 1.69% during mid-day trading on Friday, reaching $100.94. 266,223 shares of the company’s stock were exchanged. Wyndham Worldwide Corp has a 52 week low of $62.60 and a 52 week high of $106.50. The company has a market capitalization of $10.38 billion, a P/E ratio of 18.59 and a beta of 1.35. The company’s 50 day moving average price is $99.72 and its 200-day moving average price is $95.48.

Wyndham Worldwide Corp (NYSE:WYN) last released its earnings results on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 EPS. On average, equities research analysts expect that Wyndham Worldwide Corp will post $6.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is currently 43.04%.

WYN has been the topic of several analyst reports. BidaskClub raised shares of Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $110.00 target price (up previously from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Buckingham Research initiated coverage on shares of Wyndham Worldwide Corp in a report on Monday, June 19th. They issued a “buy” rating and a $114.00 target price on the stock. Finally, Telsey Advisory Group cut shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $99.22.

About Wyndham Worldwide Corp

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.

Institutional Ownership by Quarter for Wyndham Worldwide Corp (NYSE:WYN)

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