Handelsbanken Fonder AB Cuts Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Posted by Defense World Staff on May 5th, 2023

Handelsbanken Fonder AB lowered its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,600 shares of the company’s stock after selling 600 shares during the period. Handelsbanken Fonder AB’s holdings in Wyndham Hotels & Resorts were worth $1,112,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EWG Elevate Inc. purchased a new stake in Wyndham Hotels & Resorts during the 4th quarter worth about $49,000. Point72 Hong Kong Ltd bought a new position in Wyndham Hotels & Resorts in the 2nd quarter worth about $46,000. Quent Capital LLC increased its stake in Wyndham Hotels & Resorts by 64.8% in the 3rd quarter. Quent Capital LLC now owns 839 shares of the company’s stock worth $51,000 after acquiring an additional 330 shares during the last quarter. Signaturefd LLC increased its stake in Wyndham Hotels & Resorts by 94.1% in the 4th quarter. Signaturefd LLC now owns 1,027 shares of the company’s stock worth $73,000 after acquiring an additional 498 shares during the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in Wyndham Hotels & Resorts in the 3rd quarter worth about $71,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Lisa Checchio sold 6,000 shares of Wyndham Hotels & Resorts stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $76.90, for a total transaction of $461,400.00. Following the transaction, the chief marketing officer now directly owns 13,692 shares in the company, valued at $1,052,914.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley increased their price objective on Wyndham Hotels & Resorts from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on Wyndham Hotels & Resorts in a research report on Wednesday, April 5th. They set a “buy” rating and a $79.00 price target on the stock. StockNews.com started coverage on Wyndham Hotels & Resorts in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Robert W. Baird reduced their price target on Wyndham Hotels & Resorts from $88.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, March 9th. Finally, Stifel Nicolaus reduced their price target on Wyndham Hotels & Resorts from $87.00 to $81.00 in a research report on Thursday, April 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.14.

Wyndham Hotels & Resorts Stock Down 2.2 %

Wyndham Hotels & Resorts stock opened at $67.22 on Friday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.93 and a beta of 1.38. The stock has a fifty day simple moving average of $69.37 and a two-hundred day simple moving average of $71.97. Wyndham Hotels & Resorts, Inc. has a 12 month low of $58.81 and a 12 month high of $86.54. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.19.

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. Wyndham Hotels & Resorts had a return on equity of 34.17% and a net margin of 21.94%. The company had revenue of $313.00 million during the quarter, compared to analyst estimates of $322.68 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. Wyndham Hotels & Resorts’s revenue was down 15.6% compared to the same quarter last year. Equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.02 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Investors of record on Wednesday, March 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.08%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.32. Wyndham Hotels & Resorts’s payout ratio is presently 39.66%.

About Wyndham Hotels & Resorts

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Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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