Mcrae Capital Management Inc. increased its holdings in Wyndham Destinations (NYSE:WYND) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,542 shares of the company’s stock after purchasing an additional 5,554 shares during the period. Wyndham Destinations accounts for 1.4% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 26th biggest position. Mcrae Capital Management Inc. owned about 0.09% of Wyndham Destinations worth $3,707,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Huntington National Bank bought a new position in shares of Wyndham Destinations during the second quarter valued at approximately $25,000. NuWave Investment Management LLC acquired a new position in shares of Wyndham Destinations during the 2nd quarter worth approximately $25,000. First Financial Corp IN acquired a new position in shares of Wyndham Destinations during the 2nd quarter worth approximately $26,000. Manchester Capital Management LLC bought a new stake in shares of Wyndham Destinations during the 2nd quarter worth approximately $27,000. Finally, Trustcore Financial Services LLC bought a new stake in shares of Wyndham Destinations during the 2nd quarter worth approximately $28,000. 88.34% of the stock is owned by institutional investors and hedge funds.
In other news, Director George Herrera sold 1,904 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $48.70, for a total value of $92,724.80. Also, insider Michael Dean Brown acquired 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $40.16 per share, for a total transaction of $200,800.00. The disclosure for this purchase can be found here. Insiders sold a total of 15,007 shares of company stock worth $667,440 in the last quarter. Company insiders own 1.59% of the company’s stock.
Wyndham Destinations (NYSE:WYND) last released its quarterly 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 net margin of 11.67% and a negative return on equity of 90.37%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, analysts anticipate that Wyndham Destinations will post 5.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Thursday, September 12th. Wyndham Destinations’s dividend payout ratio (DPR) is presently 38.38%.
A number of analysts have recently weighed in on the stock. SunTrust Banks set a $75.00 price target on shares of Wyndham Destinations and gave the stock a “buy” rating in a report on Wednesday, July 31st. Nomura raised their price target on shares of Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group set a $62.00 price target on shares of Wyndham Destinations and gave the company a “buy” rating in a research report on Friday, August 30th. Zacks Investment Research raised shares of Wyndham Destinations from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Wyndham Destinations from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.63.
Wyndham Destinations Company 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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