California State Teachers Retirement System Buys 7,202,886 Shares of Wyndham Hotels & Resorts $WH

Key Points

• California State Teachers Retirement System increased its Wyndham Hotels & Resorts stake by 8,083% to 7.29 million shares, representing approximately 9.83% of the company. Institutional investors collectively own 93.46% of outstanding shares.
• Wyndham reported quarterly EPS of $1.48, exceeding estimates of $1.41, but revenue fell 5.5% year over year to $375 million, below expectations. The company’s full-year EPS guidance is $4.71–$4.83.
• Shares opened at $69.18, near their 12-month low, while analysts maintain a “Moderate Buy” consensus with a $95.64 average price target. Wyndham also declared a quarterly dividend of $0.43 per share, yielding about 2.5% annually.

California State Teachers Retirement System raised its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 8,083.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,291,997 shares of the company's stock after buying an additional 7,202,886 shares during the period. California State Teachers Retirement System owned about 9.83% of Wyndham Hotels & Resorts worth $614,059,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at approximately $623,573,000. Capital Research Global Investors increased its position in shares of Wyndham Hotels & Resorts by 4.8% during the fourth quarter. Capital Research Global Investors now owns 8,205,818 shares of the company's stock worth $620,032,000 after acquiring an additional 375,892 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Wyndham Hotels & Resorts by 12.7% in the fourth 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 acquired a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $219,462,000. Finally, Geode Capital Management LLC boosted its holdings in Wyndham Hotels & Resorts by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,512,818 shares of the company's stock valued at $114,331,000 after purchasing an additional 17,981 shares during the period. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Stock Down 0.2%

Shares of NYSE:WH opened at $69.18 on Tuesday. The firm has a market cap of $5.13 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.79 and a beta of 0.62. The company has a fifty day simple moving average of $74.59 and a 200 day simple moving average of $79.19. 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 12-month low of $68.44 and a 12-month high of $90.35.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.48 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $400.75 million. During the same period in the prior year, the company posted $1.33 EPS. The business's revenue was down 5.5% compared to the same quarter last year. Wyndham Hotels & Resorts has set its FY 2026 guidance at 4.710-4.830 EPS. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.81 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 2.5%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 63.24%.

Insider Buying and Selling

In other news, CEO Geoffrey Ballotti sold 19,414 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on WH shares. Morgan Stanley decreased their price objective on shares of Wyndham Hotels & Resorts from $93.00 to $91.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 18th. Susquehanna dropped their target price on shares of Wyndham Hotels & Resorts from $90.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, August 11th. Truist Financial cut their target price on shares of Wyndham Hotels & Resorts from $107.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday. Wells Fargo & Company upped their price target on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price target on shares of Wyndham Hotels & Resorts in a research report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.64.

Wyndham Hotels & Resorts Company Profile

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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