Amundi Sells 125,465 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Amundi cut its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 47.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 136,709 shares of the company’s stock after selling 125,465 shares during the period. Amundi’s holdings in Wyndham Hotels & Resorts were worth $13,534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC raised its holdings in Wyndham Hotels & Resorts by 17.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company’s stock valued at $17,533,000 after acquiring an additional 25,702 shares during the period. CIBC Asset Management Inc bought a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at about $248,000. Stifel Financial Corp raised its holdings in Wyndham Hotels & Resorts by 91.9% during the third quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock valued at $2,396,000 after acquiring an additional 14,688 shares during the period. Thrivent Financial for Lutherans raised its holdings in Wyndham Hotels & Resorts by 40.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after acquiring an additional 506,593 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock valued at $85,870,000 after acquiring an additional 8,129 shares during the period. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WH shares. JPMorgan Chase & Co. raised their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company lifted their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus lifted their target price on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group lifted their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Truist Financial lifted their target price on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.45.

Wyndham Hotels & Resorts Trading Up 2.5 %

Shares of NYSE WH opened at $89.95 on Friday. The business’s 50 day moving average is $104.04 and its two-hundred day moving average is $94.29. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The stock has a market capitalization of $6.99 billion, a P/E ratio of 24.78, a PEG ratio of 1.87 and a beta of 1.28.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. As a group, research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s payout ratio is 45.18%.

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.