Shares of Wyndham Destinations (NYSE:WYND) have received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $60.29.
WYND has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Wyndham Destinations from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group set a $62.00 price target on Wyndham Destinations and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Zacks Investment Research downgraded Wyndham Destinations from a “buy” rating to a “hold” rating in a report on Thursday.
Shares of NYSE WYND traded up $0.11 during trading hours on Friday, reaching $49.68. 544,299 shares of the stock were exchanged, compared to its average volume of 755,611. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 2.21 and a beta of 1.54. Wyndham Destinations has a 52 week low of $33.55 and a 52 week high of $50.29. The stock’s fifty day simple moving average is $48.11 and its 200 day simple moving average is $45.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Thursday, December 12th. Wyndham Destinations’s dividend payout ratio (DPR) is presently 38.38%.
In other news, Director Stephen P. Holmes sold 25,000 shares of Wyndham Destinations stock in a transaction dated Monday, November 11th. The stock was 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 directly owns 842,818 shares of the company’s stock, valued at approximately $40,994,667.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.59% of the company’s stock.
A number of institutional investors have recently modified their holdings of WYND. BlackRock Inc. bought a new stake in Wyndham Destinations in the 2nd quarter valued at about $406,681,000. Iridian Asset Management LLC CT bought a new stake in Wyndham Destinations during the 2nd quarter worth approximately $310,725,000. Investec Asset Management LTD bought a new stake in Wyndham Destinations during the 2nd quarter worth approximately $179,747,000. LSV Asset Management bought a new stake in Wyndham Destinations during the 2nd quarter worth approximately $130,092,000. Finally, Wedge Capital Management L L P NC bought a new stake in Wyndham Destinations during the 2nd quarter worth approximately $68,070,000. 89.06% of the stock is owned by institutional investors and hedge funds.
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.
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