Corebridge Financial Inc. Has $8.88 Million Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Corebridge Financial Inc. cut its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,082 shares of the company's stock after selling 5,379 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Wyndham Hotels & Resorts worth $8,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Trust Co. of Vermont increased its stake in shares of Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company's stock worth $25,000 after acquiring an additional 200 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Wyndham Hotels & Resorts in the fourth quarter valued at about $28,000. Nomura Asset Management Co. Ltd. increased its position in Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company's stock worth $32,000 after purchasing an additional 190 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock worth $35,000 after purchasing an additional 108 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Wyndham Hotels & Resorts by 72.7% during the 4th quarter. UMB Bank n.a. now owns 399 shares of the company's stock worth $40,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Wyndham Hotels & Resorts Stock Performance

WH traded up $0.47 during midday trading on Tuesday, reaching $90.98. The company's stock had a trading volume of 869,301 shares, compared to its average volume of 815,797. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The company has a fifty day simple moving average of $101.35 and a 200 day simple moving average of $95.78. The stock has a market cap of $7.07 billion, a P/E ratio of 25.06, a PEG ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. Research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio is currently 45.18%.

Wall Street Analysts Forecast Growth

WH has been the topic of a number of research reports. Barclays increased their price objective on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Truist Financial lowered their target price on shares of 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. Finally, Morgan Stanley raised their target price on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.08.

Wyndham Hotels & Resorts Profile

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.