Swiss National Bank Sells 4,600 Shares of Wyndham Hotels & Resorts (NYSE:WH)

Swiss National Bank reduced its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH) by 3.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,800 shares of the company’s stock after selling 4,600 shares during the quarter. Swiss National Bank owned approximately 0.20% of Wyndham Hotels & Resorts worth $13,649,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WH. Quarry LP acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter worth approximately $41,000. Versant Capital Management Inc lifted its holdings in Wyndham Hotels & Resorts by 139.2% during the 1st quarter. Versant Capital Management Inc now owns 531 shares of the company’s stock worth $48,000 after purchasing an additional 309 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Wyndham Hotels & Resorts by 36.1% during the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company’s stock worth $57,000 after purchasing an additional 166 shares during the last quarter. State of Wyoming bought a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at $69,000. Finally, UMB Bank n.a. boosted its stake in Wyndham Hotels & Resorts by 102.3% in the 1st quarter. UMB Bank n.a. now owns 807 shares of the company’s stock valued at $73,000 after purchasing an additional 408 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Trading Down 2.5%

Shares of WH opened at $88.82 on Friday. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. Wyndham Hotels & Resorts has a 52-week low of $74.37 and a 52-week high of $113.07. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.60 and a beta of 0.99. The business’s fifty day moving average is $84.78 and its 200-day moving average is $89.79.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. Wyndham Hotels & Resorts’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. Equities analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.8%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 38.32%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WH shares. Barclays increased their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Robert W. Baird upped 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 note on Friday, July 25th. Morgan Stanley reiterated an “overweight” rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Truist Financial boosted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an “overweight” rating and a $101.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.98.

Wyndham Hotels & Resorts Company 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.