Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,015 shares of the company’s stock after selling 820 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Wyndham Hotels & Resorts were worth $909,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WH. Trust Co. of Vermont boosted its stake in shares of Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter valued at $28,000. Assetmark Inc. acquired a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at $30,000. Nomura Asset Management Co. Ltd. increased its stake in Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Wyndham Hotels & Resorts by 46.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock worth $35,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Up 2.2 %

Shares of NYSE WH opened at $92.00 on Tuesday. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.87 and a beta of 1.28. The business has a 50 day simple moving average of $103.65 and a 200 day simple moving average of $94.74. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. On average, research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.41 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s payout ratio is currently 45.18%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WH shares. JPMorgan Chase & Co. lifted their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley increased their target price on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Jefferies Financial Group lifted their price target on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Wells Fargo & Company increased their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $116.45.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.