Wells Fargo & Company MN Trims Position in Wyndham Hotels & Resorts Inc (NYSE:WH)

Wells Fargo & Company MN lessened its stake in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 69.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,576 shares of the company’s stock after selling 175,026 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Wyndham Hotels & Resorts worth $4,379,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WH. Hanson & Doremus Investment Management bought a new stake in Wyndham Hotels & Resorts in the 2nd quarter worth approximately $25,000. Coastal Capital Group Inc. purchased a new stake in Wyndham Hotels & Resorts in the second quarter worth $41,000. Country Trust Bank grew its stake in Wyndham Hotels & Resorts by 100.0% in the second quarter. Country Trust Bank now owns 800 shares of the company’s stock worth $42,000 after purchasing an additional 400 shares during the period. Coastal Investment Advisors Inc. purchased a new stake in Wyndham Hotels & Resorts in the second quarter worth $49,000. Finally, Advisory Services Network LLC grew its stake in Wyndham Hotels & Resorts by 264.6% in the second quarter. Advisory Services Network LLC now owns 977 shares of the company’s stock worth $54,000 after purchasing an additional 709 shares during the period. 91.90% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on WH shares. Robert W. Baird started coverage on Wyndham Hotels & Resorts in a research note on Wednesday, August 21st. They issued an “outperform” rating and a $62.00 price target on the stock. Zacks Investment Research cut Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. TheStreet raised Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. cut their target price on Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Finally, Bank of America assumed coverage on Wyndham Hotels & Resorts in a research note on Wednesday, June 12th. They issued a “buy” rating and a $62.00 target price on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Wyndham Hotels & Resorts has a consensus rating of “Buy” and an average target price of $65.38.

WH stock traded up $0.31 during trading on Friday, reaching $53.42. The stock had a trading volume of 109,780 shares, compared to its average volume of 728,549. Wyndham Hotels & Resorts Inc has a 52 week low of $43.03 and a 52 week high of $61.49. The stock’s 50 day moving average is $52.51 and its two-hundred day moving average is $54.36. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.62. The firm has a market cap of $5.11 billion, a PE ratio of 19.71, a PEG ratio of 1.38 and a beta of 1.07.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. The company had revenue of $533.00 million for the quarter, compared to the consensus estimate of $532.61 million. During the same quarter in the prior year, the company earned $0.73 earnings per share. Wyndham Hotels & Resorts’s revenue was up 22.5% on a year-over-year basis. On average, research analysts anticipate that Wyndham Hotels & Resorts Inc will post 3.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 12th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 42.80%.

In other news, CFO David B. Wyshner purchased 2,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $50.37 per share, for a total transaction of $100,740.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Geoffrey A. Ballotti purchased 10,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $50.26 per share, with a total value of $502,600.00. The disclosure for this purchase can be found here. Insiders bought 22,000 shares of company stock worth $1,102,840 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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