Wyndham Hotels & Resorts, Inc. (NYSE:WH) Stock Holdings Trimmed by Bank of America Corp DE

Bank of America Corp DE cut its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 401,369 shares of the company's stock after selling 112,547 shares during the period. Bank of America Corp DE owned 0.52% of Wyndham Hotels & Resorts worth $40,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont raised 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 purchasing an additional 200 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock worth $28,000 after buying an additional 234 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Wyndham Hotels & Resorts by 46.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after buying an additional 108 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company's stock valued at $40,000 after purchasing an additional 168 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Performance

WH stock traded down $1.23 on Wednesday, hitting $85.98. The company's stock had a trading volume of 58,053 shares, compared to its average volume of 848,994. The firm has a 50 day moving average of $86.18 and a two-hundred day moving average of $96.26. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07. 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 stock has a market cap of $6.62 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08.

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 (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. The firm had revenue of $316.00 million during the quarter, compared to analysts' expectations of $320.10 million. During the same period in the prior year, the company posted $0.78 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.86%.

Insider Buying and Selling

In other news, CEO Geoffrey A. Ballotti sold 26,650 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $86.56, for a total transaction of $2,306,824.00. Following the completion of the transaction, the chief executive officer now owns 461,376 shares of the company's stock, valued at $39,936,706.56. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Robert W. Baird reduced their price target on Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Jefferies Financial Group cut their price target on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group decreased their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price target on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, 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 report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $108.48.

Wyndham Hotels & Resorts Company 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.