Wyndham Hotels & Resorts (NYSE:WH) Position Boosted by KBC Group NV

KBC Group NV grew its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,445 shares of the company’s stock after purchasing an additional 455 shares during the period. KBC Group NV’s holdings in Wyndham Hotels & Resorts were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Proficio Capital Partners LLC acquired a new position in shares of Wyndham Hotels & Resorts in the fourth quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock worth $28,000 after buying an additional 234 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 46.0% in the fourth 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. Quarry LP acquired a new position in shares of Wyndham Hotels & Resorts in the fourth quarter worth about $41,000. Finally, FIL Ltd boosted its holdings in shares of Wyndham Hotels & Resorts by 226.6% in the fourth quarter. FIL Ltd now owns 454 shares of the company’s stock worth $46,000 after buying an additional 315 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on WH shares. The Goldman Sachs Group decreased their target price on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley reduced their price target on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Monday, March 24th. Stifel Nicolaus reduced their price target on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Robert W. Baird reduced their price target on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.48.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the sale, the chief executive officer owned 467,394 shares in the company, valued at $40,088,383.38. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.46% of the stock is owned by corporate insiders.

Wyndham Hotels & Resorts Trading Up 0.4%

Shares of Wyndham Hotels & Resorts stock opened at $84.44 on Friday. The company’s fifty day simple moving average is $83.61 and its 200-day simple moving average is $92.69. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.72 and a beta of 0.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.29. Wyndham Hotels & Resorts has a 1 year low of $70.08 and a 1 year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The business had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. During the same quarter last year, the company posted $0.78 earnings per share. Wyndham Hotels & Resorts’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 1.94%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 38.86%.

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.