Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by State Street Corp

State Street Corp decreased its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,435,159 shares of the company's stock after selling 10,419 shares during the quarter. State Street Corp owned approximately 3.13% of Wyndham Hotels & Resorts worth $190,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. purchased a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. increased its stake in Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company's stock worth $36,000 after purchasing an additional 203 shares during the period. Concord Wealth Partners increased its stake in Wyndham Hotels & Resorts by 115.5% during the third quarter. Concord Wealth Partners now owns 543 shares of the company's stock worth $42,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group purchased a new stake in Wyndham Hotels & Resorts during the third quarter worth about $49,000. Finally, Blue Trust Inc. increased its stake in Wyndham Hotels & Resorts by 1,245.1% during 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. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity at Wyndham Hotels & Resorts

In related news, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the transaction, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott R. Strickland sold 2,850 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the transaction, the insider now owns 26,062 shares in the company, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,850 shares of company stock valued at $8,881,849 over the last quarter. Insiders own 2.79% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on WH shares. Truist Financial upped their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Barclays upped their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Friday. StockNews.com raised Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Oppenheimer upped their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus upped their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $105.56.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock traded down $0.24 during mid-day trading on Friday, reaching $103.39. The stock had a trading volume of 292,343 shares, compared to its average volume of 748,258. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $105.12. The company has a market cap of $8.04 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 2.43 and a beta of 1.32. The business has a 50-day simple moving average of $91.72 and a 200 day simple moving average of $80.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The business had revenue of $396.00 million during the quarter, compared to analysts' expectations of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.31 earnings per share. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts's payout ratio is currently 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.