Retirement Systems of Alabama Has $13.30 Million Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Retirement Systems of Alabama cut its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,405 shares of the company’s stock after selling 1,299 shares during the period. Retirement Systems of Alabama owned approximately 0.20% of Wyndham Hotels & Resorts worth $13,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WH. Wellington Management Group LLP raised its position in Wyndham Hotels & Resorts by 150.2% during the third quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock valued at $347,812,000 after buying an additional 3,002,259 shares during the period. Invesco Ltd. raised its position in Wyndham Hotels & Resorts by 55.2% during the third quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock valued at $93,043,000 after buying an additional 475,682 shares during the period. PointState Capital LP acquired a new position in Wyndham Hotels & Resorts during the third quarter valued at $18,646,000. Deutsche Bank AG raised its position in Wyndham Hotels & Resorts by 146.4% during the third quarter. Deutsche Bank AG now owns 301,159 shares of the company’s stock valued at $20,943,000 after buying an additional 178,948 shares during the period. Finally, Tudor Investment Corp Et Al raised its position in Wyndham Hotels & Resorts by 169.0% during the third quarter. Tudor Investment Corp Et Al now owns 130,868 shares of the company’s stock valued at $9,101,000 after buying an additional 82,215 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the transaction, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.79% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Stock Performance

WH opened at $72.93 on Thursday. The company has a market cap of $5.88 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.33. The stock has a 50-day moving average of $75.20 and a 200-day moving average of $76.90. Wyndham Hotels & Resorts, Inc. has a 52-week low of $63.69 and a 52-week high of $81.73. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. As a group, equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.24 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, March 14th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s dividend payout ratio is 53.90%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WH. Robert W. Baird upped their price target on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays boosted their target price on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, StockNews.com assumed coverage on Wyndham Hotels & Resorts in a research note on Saturday, April 27th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.17.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.