Bank of New York Mellon Corp Grows Position in Wyndham Hotels & Resorts (NYSE:WH)

Bank of New York Mellon Corp increased its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 878,295 shares of the company's stock after acquiring an additional 26,321 shares during the quarter. Bank of New York Mellon Corp owned about 1.13% of Wyndham Hotels & Resorts worth $79,494,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in WH. Boston Partners increased its holdings in shares of Wyndham Hotels & Resorts by 5.3% during the fourth quarter. Boston Partners now owns 3,853,527 shares of the company's stock worth $388,462,000 after buying an additional 192,221 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Wyndham Hotels & Resorts by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company's stock worth $231,947,000 after acquiring an additional 37,832 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Wyndham Hotels & Resorts by 3.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company's stock worth $182,460,000 after buying an additional 63,006 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Wyndham Hotels & Resorts by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock worth $143,038,000 after acquiring an additional 81,730 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 1.7% during the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock valued at $122,786,000 after purchasing an additional 22,990 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of 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. Redburn Atlantic raised Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price for the company in a research report on Monday, March 24th. Barclays dropped their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price target for the company. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $107.48.

Wyndham Hotels & Resorts Trading Up 1.9%

Shares of Wyndham Hotels & Resorts stock traded up $1.66 during trading on Friday, reaching $91.00. The company's stock had a trading volume of 1,796,545 shares, compared to its average volume of 885,667. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.29. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.75 and a beta of 0.98. The firm's 50-day moving average is $83.65 and its two-hundred day moving average is $92.31. Wyndham Hotels & Resorts has a 52-week low of $70.08 and a 52-week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The company had revenue of $316.00 million during the quarter, compared to analyst estimates of $320.10 million. During the same period in the prior year, the business posted $0.78 EPS. The firm's revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.86%.

Insider Activity

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the sale, the chief executive officer directly owned 467,394 shares in the company, valued at $40,088,383.38. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.46% of the company's stock.

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.