State of Alaska Department of Revenue raised its position in Wyndham Destinations (NYSE:WYND) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,112 shares of the company’s stock after purchasing an additional 710 shares during the period. State of Alaska Department of Revenue’s holdings in Wyndham Destinations were worth $883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of WYND. Prestige Wealth Management Group LLC acquired a new stake in shares of Wyndham Destinations during the 2nd quarter worth $31,000. Coastal Investment Advisors Inc. grew its holdings in shares of Wyndham Destinations by 67.7% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 1,335 shares of the company’s stock worth $60,000 after purchasing an additional 539 shares in the last quarter. NuWave Investment Management LLC grew its holdings in shares of Wyndham Destinations by 168.4% during the 3rd quarter. NuWave Investment Management LLC now owns 1,530 shares of the company’s stock worth $69,000 after purchasing an additional 960 shares in the last quarter. Squar Milner Financial Services LLC grew its holdings in shares of Wyndham Destinations by 13.8% during the 3rd quarter. Squar Milner Financial Services LLC now owns 1,998 shares of the company’s stock worth $91,000 after purchasing an additional 242 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Wyndham Destinations during the 1st quarter worth $127,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:WYND opened at $52.82 on Friday. The stock’s 50-day simple moving average is $50.56 and its 200 day simple moving average is $46.71. The firm has a market capitalization of $4.79 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 2.18 and a beta of 1.55. Wyndham Destinations has a twelve month low of $38.34 and a twelve month high of $53.13.
Wyndham Destinations (NYSE:WYND) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Wyndham Destinations had a negative return on equity of 87.60% and a net margin of 11.22%. Wyndham Destinations’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. As a group, sell-side analysts anticipate that Wyndham Destinations will post 5.6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.41%. The ex-dividend date was Thursday, December 12th. Wyndham Destinations’s dividend payout ratio (DPR) is presently 38.38%.
Separately, Zacks Investment Research lowered Wyndham Destinations from a “buy” rating to a “hold” rating in a report on Saturday, December 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Wyndham Destinations currently has a consensus rating of “Buy” and an average price target of $60.00.
In other Wyndham Destinations news, Director George Herrera sold 713 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $49.65, for a total value of $35,400.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen P. Holmes sold 25,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $48.64, for a total value of $1,216,000.00. Following the completion of the transaction, the director now owns 842,818 shares of the company’s stock, valued at $40,994,667.52. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.
About Wyndham Destinations
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.
See Also: Forex
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 (NYSE:WYND).
Receive News & Ratings for Wyndham Destinations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Destinations and related companies with MarketBeat.com's FREE daily email newsletter.