Wellington Management Group LLP cut its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,807,835 shares of the company's stock after selling 977,319 shares during the quarter. Wellington Management Group LLP owned about 6.18% of Wyndham Hotels & Resorts worth $484,582,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of WH. Mutual of America Capital Management LLC grew its stake in shares of Wyndham Hotels & Resorts by 17.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company's stock valued at $17,533,000 after buying an additional 25,702 shares during the last quarter. CIBC Asset Management Inc bought a new position in Wyndham Hotels & Resorts in the 4th quarter valued at $248,000. Stifel Financial Corp increased its stake in Wyndham Hotels & Resorts by 91.9% in the third quarter. Stifel Financial Corp now owns 30,665 shares of the company's stock worth $2,396,000 after purchasing an additional 14,688 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $28,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock valued at $85,870,000 after purchasing an additional 8,129 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
Wyndham Hotels & Resorts Stock Down 6.5 %
Shares of NYSE WH traded down $5.99 during trading hours on Thursday, hitting $86.26. 1,206,204 shares of the stock were exchanged, compared to its average volume of 817,480. The company has a market cap of $6.71 billion, a PE ratio of 23.76, a PEG ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm has a fifty day moving average price of $101.08 and a 200-day moving average price of $95.75.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, sell-side analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.
Wyndham Hotels & Resorts Increases Dividend
The firm also recently declared 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 annualized dividend and a yield of 1.90%. The ex-dividend date was Monday, March 17th. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 45.18%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Stifel Nicolaus lifted their price target on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley increased their price objective on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Susquehanna lifted their target price on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Truist Financial dropped their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $116.08.
Get Our Latest Analysis on WH
About Wyndham Hotels & Resorts
(
Free Report)
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.
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