Commerce Bank Raises Stake 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 stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 2,247.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,892 shares of the company's stock after buying an additional 196,164 shares during the period. Commerce Bank owned about 0.26% of Wyndham Hotels & Resorts worth $18,545,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WH. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Wyndham Hotels & Resorts by 508.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after acquiring an additional 234 shares during the period. Quarry LP bought a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at about $41,000. FIL Ltd raised its stake in Wyndham Hotels & Resorts by 226.6% in the 4th quarter. FIL Ltd now owns 454 shares of the company's stock valued at $46,000 after acquiring an additional 315 shares during the period. Versant Capital Management Inc raised its stake in Wyndham Hotels & Resorts by 139.2% in the 1st quarter. Versant Capital Management Inc now owns 531 shares of the company's stock valued at $48,000 after acquiring an additional 309 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in Wyndham Hotels & Resorts by 36.1% in the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock valued at $57,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on WH. Morgan Stanley restated an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. started coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target on the stock. Finally, Stifel Nicolaus decreased their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.98.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock traded up $0.84 during trading on Wednesday, hitting $85.84. The company had a trading volume of 453,784 shares, compared to its average volume of 1,045,791. 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's 50-day moving average is $84.32 and its two-hundred day moving average is $90.58. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. Wyndham Hotels & Resorts has a 52 week low of $72.14 and a 52 week high of $113.07.

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

Wyndham Hotels & Resorts Announces Dividend

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

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 467,394 shares in the company, valued at approximately $40,088,383.38. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.46% of the company's stock.

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.