Raymond James Trust N.A. Has $324,000 Stake in Wyndham Destinations (WYND)

Raymond James Trust N.A. grew its stake in Wyndham Destinations (NASDAQ:WYND) by 21.7% during the third quarter, HoldingsChannel.com reports. The firm owned 7,477 shares of the company’s stock after buying an additional 1,335 shares during the period. Raymond James Trust N.A.’s holdings in Wyndham Destinations were worth $324,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WYND. Fiera Capital Corp acquired a new stake in Wyndham Destinations during the 2nd quarter worth $16,310,000. Convergence Investment Partners LLC acquired a new stake in Wyndham Destinations during the 2nd quarter worth $710,000. US Bancorp DE acquired a new stake in Wyndham Destinations during the 2nd quarter worth $3,819,000. MetLife Investment Advisors LLC acquired a new stake in Wyndham Destinations during the 2nd quarter worth $2,776,000. Finally, Raymond James & Associates acquired a new stake in Wyndham Destinations during the 2nd quarter worth $10,054,000.

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 value of $33,323.67. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Dean Brown purchased 6,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was purchased at an average cost of $45.20 per share, for a total transaction of $271,200.00. The disclosure for this purchase can be found here.

Several analysts recently commented on the company. Zacks Investment Research downgraded Wyndham Destinations from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. TheStreet downgraded Wyndham Destinations from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Credit Suisse Group dropped their price objective on Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, August 9th. Finally, Jefferies Financial Group assumed coverage on Wyndham Destinations in a research note on Monday, July 16th. They set a “buy” rating and a $65.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $58.71.

Shares of Wyndham Destinations stock opened at $36.46 on Friday. Wyndham Destinations has a 12 month low of $35.80 and a 12 month high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings results on Wednesday, August 8th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business earned $1.53 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year.

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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Thursday, September 13th.

Wyndham Destinations Company 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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Want to see what other hedge funds are holding WYND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Destinations (NASDAQ:WYND).

Institutional Ownership by Quarter for Wyndham Destinations (NASDAQ:WYND)

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