Mcmorgan & Co. LLC Makes New $1.76 Million Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Mcmorgan & Co. LLC purchased a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,740 shares of the company's stock, valued at approximately $1,757,000.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company's stock valued at $34,000 after acquiring an additional 207 shares in the last quarter. Blue Trust Inc. grew its stake in Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company's stock worth $53,000 after purchasing an additional 635 shares during the period. TFO Wealth Partners LLC raised its holdings in Wyndham Hotels & Resorts by 41,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company's stock worth $66,000 after purchasing an additional 822 shares in the last quarter. Family Firm Inc. purchased a new position in Wyndham Hotels & Resorts during the second quarter valued at $67,000. Finally, International Assets Investment Management LLC purchased a new position in Wyndham Hotels & Resorts during the second quarter valued at $70,000. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Stock Down 0.0 %

WH traded down $0.02 during trading on Friday, hitting $80.77. 903,310 shares of the company's stock traded hands, compared to its average volume of 738,339. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.78 and a beta of 1.33. The company's 50 day simple moving average is $76.48 and its two-hundred day simple moving average is $74.25. Wyndham Hotels & Resorts, Inc. has a 12-month low of $65.63 and a 12-month high of $81.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The company had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. During the same period last year, the company earned $0.93 EPS. Wyndham Hotels & Resorts's revenue for the quarter was up 1.4% on a year-over-year basis. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.88%. Wyndham Hotels & Resorts's payout ratio is 53.90%.

Insiders Place Their Bets

In other news, insider Monica Melancon sold 5,040 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Monica Melancon sold 5,040 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nicola Rossi sold 7,297 shares of the firm's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares of the company's stock, valued at $315,006.90. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock worth $974,351 in the last three months. 2.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They issued a "neutral" rating and a $80.00 target price on the stock. Truist Financial decreased their target price on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a "buy" rating for the company in a research note on Friday, July 26th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Thursday, September 19th. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a "buy" rating and a $96.00 price objective for the company. Finally, Barclays boosted their target price on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.25.

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.