Bessemer Group Inc. Boosts Stock Position in Wyndham Hotels & Resorts (NYSE:WH)

Bessemer Group Inc. grew its position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,356,605 shares of the company's stock after purchasing an additional 22,990 shares during the period. Bessemer Group Inc. owned 1.75% of Wyndham Hotels & Resorts worth $122,786,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC lifted its stake in shares of Wyndham Hotels & Resorts by 17.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company's stock worth $17,533,000 after purchasing an additional 25,702 shares during the period. CIBC Asset Management Inc purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at about $248,000. Proficio Capital Partners LLC acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at about $28,000. Bank of New York Mellon Corp boosted its position in shares of Wyndham Hotels & Resorts by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock worth $85,870,000 after acquiring an additional 8,129 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth approximately $339,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,650 shares of the firm'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 transaction, the chief executive officer now owns 461,376 shares of the company's stock, valued at approximately $39,936,706.56. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WH. Susquehanna lifted their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Monday, March 24th. Robert W. Baird dropped their price target on Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Jefferies Financial Group dropped their target price on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus cut their price target on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $107.48.

Wyndham Hotels & Resorts Stock Up 0.6%

Shares of NYSE:WH opened at $79.70 on Wednesday. Wyndham Hotels & Resorts has a 1-year low of $70.08 and a 1-year high of $113.07. The company's fifty day moving average is $83.57 and its two-hundred day moving average is $93.77. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

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

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. Wyndham Hotels & Resorts's payout ratio is currently 38.86%.

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.

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