Bank of America Corp DE Decreases Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Bank of America Corp DE cut its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 401,369 shares of the company's stock after selling 112,547 shares during the quarter. Bank of America Corp DE owned about 0.52% of Wyndham Hotels & Resorts worth $40,454,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Wyndham Hotels & Resorts by 986.3% in the fourth quarter. BNP Paribas Financial Markets now owns 210,525 shares of the company's stock worth $21,219,000 after acquiring an additional 191,145 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Wyndham Hotels & Resorts by 27.9% in the 4th quarter. Ameriprise Financial Inc. now owns 131,429 shares of the company's stock worth $13,247,000 after purchasing an additional 28,699 shares in the last quarter. Algert Global LLC purchased a new stake in Wyndham Hotels & Resorts during the 4th quarter worth approximately $651,000. Freestone Grove Partners LP acquired a new position in Wyndham Hotels & Resorts during the 4th quarter valued at approximately $54,738,000. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Wyndham Hotels & Resorts by 25.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 97,706 shares of the company's stock worth $9,848,000 after buying an additional 20,039 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Stock Down 0.6%

Shares of NYSE WH traded down $0.56 during mid-day trading on Monday, hitting $88.18. The company had a trading volume of 859,525 shares, compared to its average volume of 851,255. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The company has a market capitalization of $6.79 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. The business's 50-day simple moving average is $86.25 and its 200 day simple moving average is $96.32.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The company had revenue of $316.00 million for the quarter, compared to analysts' expectations of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Wyndham Hotels & Resorts's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. On average, analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 1.86%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.86%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WH. Susquehanna upped 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. The Goldman Sachs Group reduced their price objective on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company upped their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Robert W. Baird reduced their price target on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Finally, Morgan Stanley lowered their price objective on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $108.48.

About Wyndham Hotels & Resorts

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.