abrdn plc Sells 65,727 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

abrdn plc lessened its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 23.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,720 shares of the company's stock after selling 65,727 shares during the quarter. abrdn plc owned about 0.28% of Wyndham Hotels & Resorts worth $21,909,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WH. Creative Planning raised its holdings in shares of Wyndham Hotels & Resorts by 4.4% in the second quarter. Creative Planning now owns 11,665 shares of the company's stock valued at $863,000 after purchasing an additional 496 shares during the last quarter. Cetera Investment Advisers increased its stake in Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. Cetera Investment Advisers now owns 13,282 shares of the company's stock valued at $983,000 after buying an additional 558 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter worth approximately $214,000. SG Americas Securities LLC boosted its stake in shares of Wyndham Hotels & Resorts by 80.4% in the 3rd quarter. SG Americas Securities LLC now owns 10,489 shares of the company's stock worth $820,000 after buying an additional 4,676 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in Wyndham Hotels & Resorts by 45.9% during the third quarter. Handelsbanken Fonder AB now owns 22,900 shares of the company's stock valued at $1,789,000 after buying an additional 7,200 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Oppenheimer boosted their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. StockNews.com upgraded Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Finally, Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.10.

Wyndham Hotels & Resorts Stock Down 0.9 %

Wyndham Hotels & Resorts stock opened at $107.43 on Tuesday. The business has a fifty day moving average of $102.68 and a two-hundred day moving average of $89.82. 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 twelve month low of $67.67 and a twelve month high of $109.09. The firm has a market cap of $8.36 billion, a P/E ratio of 34.11, a P/E/G ratio of 2.14 and a beta of 1.29.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.38 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.41%. Wyndham Hotels & Resorts's payout ratio is 48.25%.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.