Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 95,942 shares of the company’s stock after selling 3,509 shares during the quarter. Retirement Systems of Alabama’s holdings in Wyndham Hotels & Resorts were worth $7,497,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in Wyndham Hotels & Resorts by 4.2% during the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock worth $267,000 after purchasing an additional 138 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 2.7% during the third quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock worth $443,000 after purchasing an additional 147 shares during the period. PFG Investments LLC increased its stake in shares of Wyndham Hotels & Resorts by 4.4% during the second quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after acquiring an additional 155 shares during the period. Equitable Trust Co. boosted its holdings in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock valued at $716,000 after purchasing an additional 174 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

WH stock opened at $103.30 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $105.16. The stock’s 50 day moving average is $92.76 and its two-hundred day moving average is $81.37. The company has a market capitalization of $8.04 billion, a PE ratio of 32.79, a P/E/G ratio of 2.42 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 EPS. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.47%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 48.25%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the transaction, the director now directly owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,850 shares of company stock valued at $8,881,849. Corporate insiders own 2.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on WH. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company began coverage on Wyndham Hotels & Resorts in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 price objective for the company. Oppenheimer boosted their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird raised their price target on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.56.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.