California Public Employees Retirement System Sells 7,347 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

California Public Employees Retirement System reduced its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,284 shares of the company's stock after selling 7,347 shares during the quarter. California Public Employees Retirement System owned 0.17% of Wyndham Hotels & Resorts worth $13,635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its position in Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company's stock valued at $25,000 after purchasing an additional 200 shares during the period. Proficio Capital Partners LLC purchased a new position in Wyndham Hotels & Resorts during the 4th quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Wyndham Hotels & Resorts by 508.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock worth $28,000 after purchasing an additional 234 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company's stock worth $32,000 after buying an additional 190 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock worth $35,000 after acquiring an additional 108 shares during the period. 93.46% of the stock is owned by institutional investors.

Remove Ads

Wyndham Hotels & Resorts Price Performance

WH traded down $4.04 during trading on Thursday, hitting $83.64. 86,885 shares of the stock traded hands, compared to its average volume of 825,514. The business has a 50 day moving average price of $98.00 and a 200 day moving average price of $95.82. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.87 and a beta of 1.11. 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 twelve month low of $67.67 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. Equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio is 45.18%.

Analysts Set New Price Targets

WH has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Barclays upped their price objective on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Stifel Nicolaus raised 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. Wells Fargo & Company raised their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Morgan Stanley increased their price target on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $115.25.

Wyndham Hotels & Resorts 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.