Wyndham Hotels & Resorts (NYSE:WH) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 878,295 shares of the company's stock after purchasing an additional 26,321 shares during the period. Bank of New York Mellon Corp owned about 1.13% of Wyndham Hotels & Resorts worth $79,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Wyndham Hotels & Resorts during the fourth quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 valued at $28,000 after purchasing an additional 234 shares during the period. Smartleaf Asset Management LLC raised its stake in Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock worth $35,000 after buying an additional 108 shares in the last quarter. Quarry LP bought a new position in Wyndham Hotels & Resorts in the fourth quarter worth approximately $41,000. Finally, FIL Ltd raised its stake in Wyndham Hotels & Resorts by 226.6% in the fourth quarter. FIL Ltd now owns 454 shares of the company's stock worth $46,000 after buying an additional 315 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $85.77, for a total value of $2,292,117.48. Following the completion of the sale, the chief executive officer owned 467,394 shares in the company, valued at approximately $40,088,383.38. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.46% of the company's stock.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH traded down $0.47 during mid-day trading on Monday, hitting $90.53. The company's stock had a trading volume of 1,673,621 shares, compared to its average volume of 1,009,765. Wyndham Hotels & Resorts has a 1 year low of $70.08 and a 1 year high of $113.07. The company has a debt-to-equity ratio of 4.29, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 1.85 and a beta of 0.98. The business's fifty day moving average is $83.72 and its two-hundred day moving average is $92.10.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its 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 23.52% and a return on equity of 57.49%. The business had revenue of $316.00 million for the quarter, compared to analyst estimates of $320.10 million. During the same period in the prior year, the company posted $0.78 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis. Analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.86%.

Analysts Set New Price Targets

A number of brokerages recently commented on WH. Barclays reduced their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price target 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. 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. Truist Financial reduced their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, The Goldman Sachs Group reduced their price target 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $107.48.

Wyndham Hotels & Resorts 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.