Fmr LLC Decreases Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

FMR LLC decreased its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 892,941 shares of the company's stock after selling 83,662 shares during the quarter. FMR LLC owned 1.15% of Wyndham Hotels & Resorts worth $69,774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Wyndham Hotels & Resorts by 15.0% in the third quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company's stock valued at $5,027,000 after acquiring an additional 8,389 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Wyndham Hotels & Resorts by 31.5% in the third quarter. Brown Brothers Harriman & Co. now owns 476,556 shares of the company's stock valued at $37,238,000 after acquiring an additional 114,084 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at about $273,000. Charles Schwab Investment Management Inc. increased its position in shares of Wyndham Hotels & Resorts by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company's stock valued at $56,423,000 after acquiring an additional 7,241 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Wyndham Hotels & Resorts by 87.2% in the third quarter. Intech Investment Management LLC now owns 5,901 shares of the company's stock valued at $461,000 after acquiring an additional 2,749 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays lifted their price target on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Oppenheimer lifted their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Robert W. Baird lifted their price target on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Truist Financial lifted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company assumed coverage on Wyndham Hotels & Resorts in a report on Thursday. They set an "equal weight" rating and a $103.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Insider Buying and Selling

In other news, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares in the company, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the firm's stock in a transaction that occurred 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 owns 26,062 shares of the company's stock, valued at approximately $2,297,104.68. The trade was a 9.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,850 shares of company stock worth $8,881,849 in the last quarter. Insiders own 2.79% of the company's stock.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH traded up $0.01 during trading on Friday, reaching $101.89. 631,528 shares of the stock were exchanged, compared to its average volume of 651,911. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The firm has a market cap of $7.93 billion, a PE ratio of 32.35, a PEG ratio of 2.56 and a beta of 1.32. The stock has a 50-day moving average price of $89.76 and a 200-day moving average price of $79.81. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $103.17.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.01. The company 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 business's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. Research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.49%. Wyndham Hotels & Resorts's dividend payout ratio is presently 48.25%.

About Wyndham Hotels & Resorts

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.