Oakbrook Investments LLC purchased a new position in shares of Wyndham Destinations (NASDAQ:WYND) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,800 shares of the company’s stock, valued at approximately $468,000.
A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Wyndham Destinations during the second quarter worth about $413,146,000. FMR LLC acquired a new stake in Wyndham Destinations during the second quarter worth about $328,935,000. Boston Partners acquired a new stake in Wyndham Destinations during the second quarter worth about $294,781,000. Iridian Asset Management LLC CT acquired a new stake in Wyndham Destinations during the second quarter worth about $243,246,000. Finally, LSV Asset Management acquired a new stake in Wyndham Destinations during the second quarter worth about $111,386,000.
WYND stock opened at $34.44 on Friday. Wyndham Destinations has a 1 year low of $33.61 and a 1 year high of $57.67.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.41 dividend. The ex-dividend date was Thursday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.76%.
In related news, insider Michael Dean Brown bought 6,000 shares of the stock in a transaction dated Tuesday, August 21st. The stock was acquired at an average price of $45.20 per share, for a total transaction of $271,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 747 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $44.61, for a total value of $33,323.67. The disclosure for this sale can be found here.
Several brokerages have commented on WYND. Zacks Investment Research lowered Wyndham Destinations from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. Credit Suisse Group dropped their price target on Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, August 9th. Jefferies Financial Group began coverage on Wyndham Destinations in a research note on Monday, July 16th. They set a “buy” rating and a $65.00 price target for the company. Finally, TheStreet upgraded Wyndham Destinations from a “c” rating to a “b” rating in a research note on Monday, July 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Wyndham Destinations currently has a consensus rating of “Buy” and an average price target of $58.71.
Wyndham Destinations 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: Stock Split
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