Commerce Bank Raises Holdings in Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• Commerce Bank significantly increased its ownership in Wyndham Hotels & Resorts by 2,247.5%, now holding approximately $18.55 million worth of stock as of the latest SEC filing.
• Wyndham Hotels & Resorts reported earnings per share of $1.33 for the last quarter, exceeding expectations, with a year-over-year revenue increase of 8.2%.
• The company recently announced a quarterly dividend of $0.41 per share, reflecting a 2.0% dividend yield and a dividend payout ratio of 38.32%.

Commerce Bank increased its position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 2,247.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,892 shares of the company's stock after purchasing an additional 196,164 shares during the period. Commerce Bank owned 0.26% of Wyndham Hotels & Resorts worth $18,545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 worth $28,000 after purchasing an additional 234 shares during the period. Quarry LP purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $41,000. FIL Ltd boosted its stake in Wyndham Hotels & Resorts by 226.6% during the fourth quarter. FIL Ltd now owns 454 shares of the company's stock worth $46,000 after buying an additional 315 shares during the period. Versant Capital Management Inc boosted its stake in shares of Wyndham Hotels & Resorts by 139.2% during the 1st quarter. Versant Capital Management Inc now owns 531 shares of the company's stock worth $48,000 after purchasing an additional 309 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in Wyndham Hotels & Resorts by 36.1% in the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the transaction, the chief executive officer owned 467,394 shares in the company, valued at approximately $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.46% of the company's stock.

Wyndham Hotels & Resorts Stock Up 0.8%

Shares of Wyndham Hotels & Resorts stock traded up $0.64 on Monday, reaching $84.47. The stock had a trading volume of 761,748 shares, compared to its average volume of 1,442,414. Wyndham Hotels & Resorts has a 1 year low of $72.14 and a 1 year high of $113.07. The company has a 50 day moving average price of $84.37 and a 200 day moving average price of $90.75. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The stock has a market capitalization of $6.45 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.47 and a beta of 0.99.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $397.00 million for the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 EPS. As a group, equities research analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WH shares. Robert W. Baird raised their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Truist Financial boosted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Friday, July 25th. The Goldman Sachs Group reduced their target price on shares of 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. Finally, JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy 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 $106.98.

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.