Wyndham Worldwide Corp Sees Unusually Large Options Volume (WYN)

Wyndham Worldwide Corp (NYSE:WYN) was the recipient of some unusual options trading on Thursday. Traders purchased 3,546 put options on the company. This is an increase of approximately Infinity compared to the average daily volume of 0 put options.

Wyndham Worldwide Corp (NYSE:WYN) opened at $106.30 on Tuesday. The company has a market capitalization of $10,747.67, a PE ratio of 17.53 and a beta of 1.35. Wyndham Worldwide Corp has a one year low of $69.76 and a one year high of $110.74. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96.

Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide Corp had a return on equity of 97.31% and a net margin of 10.20%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. sell-side analysts expect that Wyndham Worldwide Corp will post 6.04 EPS for the current year.

Wyndham Worldwide Corp declared that its board has approved a stock buyback program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, November 24th. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is 41.58%.

WYN has been the subject of a number of research reports. Zacks Investment Research raised Wyndham Worldwide Corp from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research report on Thursday, October 12th. BidaskClub cut Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Telsey Advisory Group cut Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective on the stock. in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $108.29.

In other Wyndham Worldwide Corp news, Director George Herrera sold 311 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.39% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Dubuque Bank & Trust Co. lifted its stake in shares of Wyndham Worldwide Corp by 125.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock worth $149,000 after acquiring an additional 824 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of Wyndham Worldwide Corp in the second quarter worth about $158,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Wyndham Worldwide Corp by 26.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after acquiring an additional 338 shares in the last quarter. Smithfield Trust Co. acquired a new position in shares of Wyndham Worldwide Corp in the second quarter worth about $170,000. Finally, Weatherly Asset Management L. P. acquired a new position in shares of Wyndham Worldwide Corp in the second quarter worth about $200,000. Institutional investors and hedge funds own 95.75% of the company’s stock.

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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.

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