Northern Trust Corp Cuts Stock Position in Wyndham Destinations (NYSE:WYND)

Northern Trust Corp lessened its stake in Wyndham Destinations (NYSE:WYND) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,027,627 shares of the company’s stock after selling 16,275 shares during the quarter. Northern Trust Corp’s holdings in Wyndham Destinations were worth $45,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WYND. Poehling Capital Management LLC purchased a new position in Wyndham Destinations in the first quarter valued at about $335,000. OppenheimerFunds Inc. purchased a new position in Wyndham Destinations in the first quarter valued at about $13,773,000. First Eagle Investment Management LLC acquired a new stake in Wyndham Destinations in the first quarter worth about $68,653,000. Neuberger Berman Group LLC acquired a new stake in Wyndham Destinations in the first quarter worth about $36,396,000. Finally, Mork Capital Management LLC acquired a new stake in Wyndham Destinations in the first quarter worth about $854,000. Institutional investors own 88.35% of the company’s stock.

NYSE WYND traded down $0.11 during trading on Friday, hitting $46.95. The company’s stock had a trading volume of 12,153 shares, compared to its average volume of 707,421. The company has a market cap of $4.34 billion, a PE ratio of 10.02, a P/E/G ratio of 2.12 and a beta of 1.53. The business’s 50 day simple moving average is $43.33 and its 200-day simple moving average is $43.27. Wyndham Destinations has a fifty-two week low of $33.55 and a fifty-two week high of $49.75.

Wyndham Destinations (NYSE:WYND) last released its earnings results on Tuesday, July 30th. The company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. Wyndham Destinations had a negative return on equity of 90.37% and a net margin of 11.67%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts forecast that Wyndham Destinations will post 5.54 earnings per share 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, September 12th. Wyndham Destinations’s dividend payout ratio (DPR) is 38.38%.

In related news, Director George Herrera sold 1,904 shares of Wyndham Destinations stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $48.70, for a total transaction of $92,724.80. Also, insider Noah Brodsky sold 7,803 shares of Wyndham Destinations stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $44.46, for a total value of $346,921.38. The disclosure for this sale can be found here. Insiders have sold 15,007 shares of company stock valued at $667,440 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Several equities research analysts have weighed in on WYND shares. JPMorgan Chase & Co. raised their price target on Wyndham Destinations from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. SunTrust Banks set a $75.00 price target on Wyndham Destinations and gave the stock a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research downgraded Wyndham Destinations from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group set a $62.00 price target on Wyndham Destinations and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Nomura raised their price target on Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a 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’s stock. The company has an average rating of “Buy” and an average target price of $57.63.

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

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