PNC Financial Services Group Inc. Lowers Stock Position in Wyndham Hotels & Resorts (NYSE:WH)

PNC Financial Services Group Inc. lessened its holdings in Wyndham Hotels & Resorts (NYSE:WH) by 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,334 shares of the company’s stock after selling 681 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Wyndham Hotels & Resorts were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Janney Capital Management LLC purchased a new stake in Wyndham Hotels & Resorts in the 1st quarter valued at approximately $428,000. Man Group plc acquired a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter valued at approximately $339,000. Generate Investment Management Ltd acquired a new stake in shares of Wyndham Hotels & Resorts during the 1st quarter valued at approximately $6,258,000. USA Financial Formulas acquired a new stake in shares of Wyndham Hotels & Resorts during the 1st quarter valued at approximately $314,000. Finally, NBC Securities Inc. lifted its position in shares of Wyndham Hotels & Resorts by 133,933.3% during the 1st quarter. NBC Securities Inc. now owns 4,021 shares of the company’s stock valued at $363,000 after acquiring an additional 4,018 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Up 0.0%

Shares of Wyndham Hotels & Resorts stock opened at $83.99 on Tuesday. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. Wyndham Hotels & Resorts has a 1 year low of $72.63 and a 1 year high of $113.07. The company has a market capitalization of $6.41 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.48 and a beta of 0.99. The business has a 50 day moving average price of $84.38 and a 200 day moving average price of $89.90.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The firm had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. During the same period in the previous year, the firm posted $1.13 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal 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 issued a $0.41 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 2.0%. Wyndham Hotels & Resorts’s payout ratio is 38.32%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an “overweight” rating and a $101.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Finally, 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $106.98.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $85.77, for a total value of $2,292,117.48. Following the completion of the transaction, the chief executive officer directly owned 467,394 shares in the company, valued at approximately $40,088,383.38. The trade was a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.46% of the company’s stock.

About Wyndham Hotels & Resorts

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.