Bank of New York Mellon Corp Makes New $56.86 Million Investment in Wyndham Hotels & Resorts $WH

Key Points

• Bank of New York Mellon acquired 675,221 shares of Wyndham Hotels & Resorts worth approximately $56.86 million, giving it a 0.91% stake. Institutional investors collectively own 93.46% of the company.
• Analysts maintain a “Moderate Buy” consensus, with eight Buy ratings and five Holds and an average price target of $95.91, above the reported share price of $76.78.
• Wyndham beat quarterly EPS expectations, reporting $1.48 versus $1.41 expected, though revenue declined 5.5% year over year to $375 million. The company also declared a quarterly dividend of $0.43 per share, representing a 2.2% yield.

Bank of New York Mellon Corp bought a new position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 675,221 shares of the company's stock, valued at approximately $56,860,000. Bank of New York Mellon Corp owned 0.91% of Wyndham Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WH. EverSource Wealth Advisors LLC lifted its position in Wyndham Hotels & Resorts by 73.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company's stock worth $25,000 after acquiring an additional 133 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $27,000. Geneos Wealth Management Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company's stock worth $34,000 after purchasing an additional 124 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Wyndham Hotels & Resorts by 3,478.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the company's stock valued at $54,000 after buying an additional 661 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in Wyndham Hotels & Resorts by 205.5% in the 4th quarter. Clearstead Advisors LLC now owns 727 shares of the company's stock valued at $55,000 after buying an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

WH has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $97.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Wyndham Hotels & Resorts in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Friday, May 1st. Wells Fargo & Company increased their target price on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 16th. Finally, Morgan Stanley reduced their price target 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. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $95.91.

Wyndham Hotels & Resorts Stock Up 1.2%

WH opened at $76.78 on Thursday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 1.96 and a beta of 0.63. Wyndham Hotels & Resorts has a one year low of $69.21 and a one year high of $90.35. The business's fifty day moving average is $77.89 and its two-hundred day moving average is $80.01.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $375.00 million during the quarter, compared to the consensus estimate of $400.75 million. During the same quarter in the previous year, the company posted $1.33 EPS. The business's revenue 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. Analysts anticipate that Wyndham Hotels & Resorts will post 4.81 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 15th. Wyndham Hotels & Resorts's payout ratio is currently 63.24%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. 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 transaction of $1,411,591.94. Following the sale, the chief executive officer owned 549,323 shares in the company, valued at approximately $39,941,275.33. This represents a 3.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Profile

Wyndham Hotels & Resorts, Inc NYSE: WH is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company's centralized services and support.

The company's brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source