Bank of America Corp DE Acquires New Position in Wyndham Hotels & Resorts $WH

Key Points

• Bank of America initiated a sizable position in Wyndham Hotels & Resorts, purchasing 567,757 shares worth approximately $47.8 million, while institutional investors collectively own 93.46% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $95.64, despite several recent target-price reductions.
• Wyndham exceeded quarterly earnings expectations with EPS of $1.48, but revenue fell 5.5% year over year to $375 million. The company also declared a quarterly dividend of $0.43 per share, representing a 2.5% annualized yield.

Bank of America Corp DE bought a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 567,757 shares of the company's stock, valued at approximately $47,811,000. Bank of America Corp DE owned approximately 0.77% of Wyndham Hotels & Resorts as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Wyndham Hotels & Resorts during the second quarter worth $623,573,000. Capital Research Global Investors boosted its holdings in shares of Wyndham Hotels & Resorts by 4.8% during the 4th quarter. Capital Research Global Investors now owns 8,205,818 shares of the company's stock valued at $620,032,000 after acquiring an additional 375,892 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 12.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,188,239 shares of the company's stock valued at $392,024,000 after acquiring an additional 583,967 shares in the last quarter. Norges Bank bought a new stake in Wyndham Hotels & Resorts during the 4th quarter worth $219,462,000. Finally, Geode Capital Management LLC grew its position in Wyndham Hotels & Resorts by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,512,818 shares of the company's stock worth $114,331,000 after acquiring an additional 17,981 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WH shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Wyndham Hotels & Resorts in a research note on Wednesday, July 8th. Barclays reduced their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $102.00 and set an "overweight" rating on the stock in a research note on Monday, July 20th. Morgan Stanley decreased their price objective on Wyndham Hotels & Resorts from $93.00 to $91.00 and set an "overweight" rating for the company in a report on Tuesday, August 18th. Wells Fargo & Company raised their target price on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 16th. Finally, Susquehanna cut their target price on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.64.

Insider Buying and Selling

In related news, CEO Geoffrey Ballotti sold 19,414 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $72.71, for a total value of $1,411,591.94. Following the completion of the sale, the chief executive officer directly owned 549,323 shares of the company's stock, valued at approximately $39,941,275.33. This represents a 3.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.33% of the company's stock.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $68.05 on Monday. The firm has a market capitalization of $5.05 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.76 and a beta of 0.62. The firm's 50-day moving average price is $73.71 and its 200-day moving average price is $78.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 5.53. Wyndham Hotels & Resorts has a 1-year low of $67.40 and a 1-year high of $90.35.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Wyndham Hotels & Resorts had a return on equity of 74.22% and a net margin of 14.67%.The company had revenue of $375.00 million for the quarter, compared to analyst estimates of $400.75 million. During the same period in the prior year, the firm earned $1.33 earnings per share. Wyndham Hotels & Resorts's revenue for the quarter was down 5.5% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2026 guidance at 4.710-4.830 EPS. Equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.81 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 annualized dividend and a yield of 2.5%. Wyndham Hotels & Resorts's dividend payout ratio is 63.24%.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc is a global hotel franchising company that provides branding, marketing, reservation, loyalty and other support services to independently owned and operated hotels. Its portfolio is focused primarily on the economy and midscale segments of the lodging industry.

The company's brand portfolio includes well-known names such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Travelodge, Baymont, Microtel, Wingate, AmericInn, Econo Lodge, Howard Johnson, Dolce and Registry Collection Hotels.

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