Brown Brothers Harriman & Co. Grows Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Brown Brothers Harriman & Co. raised its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 31.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 476,556 shares of the company's stock after purchasing an additional 114,084 shares during the period. Brown Brothers Harriman & Co. owned 0.61% of Wyndham Hotels & Resorts worth $37,238,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. purchased a new position in Wyndham Hotels & Resorts in the 3rd quarter valued at $30,000. GAMMA Investing LLC boosted its position in Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company's stock worth $34,000 after acquiring an additional 207 shares during the last quarter. First Horizon Advisors Inc. boosted its position 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 acquiring an additional 203 shares during the last quarter. Concord Wealth Partners grew its stake in Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company's stock valued at $42,000 after acquiring an additional 291 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Wyndham Hotels & Resorts by 1,245.1% in the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company's stock valued at $53,000 after acquiring an additional 635 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WH shares. Truist Financial boosted their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, October 25th. The Goldman Sachs Group began coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a "buy" rating and a $96.00 target price for the company. Stifel Nicolaus lifted their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. StockNews.com raised Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Barclays lifted their target price on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $97.86.

Wyndham Hotels & Resorts Stock Up 1.0 %

WH stock traded up $1.00 during mid-day trading on Monday, reaching $97.69. The company had a trading volume of 743,074 shares, compared to its average volume of 751,290. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $98.73. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a fifty day simple moving average of $85.85 and a 200 day simple moving average of $77.98.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company had revenue of $396.00 million during the quarter, compared to analysts' expectations of $408.32 million. During the same quarter in the previous year, the business posted $1.31 EPS. The firm's revenue was down 1.5% on a year-over-year basis. Analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts's payout ratio is currently 48.25%.

Insider Activity

In other news, insider Monica Melancon sold 5,040 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. The trade was a 32.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott R. Strickland sold 2,850 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of 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. In the last three months, insiders sold 102,890 shares of company stock valued at $9,273,255. Insiders own 2.79% of the company's stock.

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.