TD Asset Management Inc Has $2.01 Million Stock Holdings in Wyndham Hotels & Resorts $WH

Key Points

• TD Asset Management Inc increased its stake in Wyndham Hotels & Resorts by 15.6%, owning a total of 24,784 shares valued at approximately $2.01 million as of the end of the last quarter.
• Wyndham Hotels reported a quarterly earnings per share (EPS) of $1.33, exceeding analysts' expectations of $1.16, with revenue also up 8.2% year-over-year.
• The stock has an average price target of $106.81, with a consensus rating of "Moderate Buy" from analysts, highlighting continued investor interest.

TD Asset Management Inc lifted its position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,784 shares of the company's stock after acquiring an additional 3,352 shares during the period. TD Asset Management Inc's holdings in Wyndham Hotels & Resorts were worth $2,013,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. lifted its stake in Wyndham Hotels & Resorts by 3.0% in the first quarter. Burgundy Asset Management Ltd. now owns 2,369,461 shares of the company's stock valued at $214,460,000 after buying an additional 68,172 shares in the last quarter. Bessemer Group Inc. lifted its stake in Wyndham Hotels & Resorts by 1.7% in the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock valued at $122,786,000 after buying an additional 22,990 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Wyndham Hotels & Resorts by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 878,295 shares of the company's stock valued at $79,494,000 after buying an additional 26,321 shares in the last quarter. Nuveen LLC bought a new position in Wyndham Hotels & Resorts in the first quarter valued at approximately $70,353,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Wyndham Hotels & Resorts by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 740,217 shares of the company's stock valued at $66,997,000 after buying an additional 7,507 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Price Performance

NYSE WH opened at $81.22 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. Wyndham Hotels & Resorts has a 12-month low of $75.29 and a 12-month high of $113.07. The company has a market capitalization of $6.20 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The firm's 50 day moving average is $83.65 and its 200-day moving average is $84.13.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The company had revenue of $397.00 million for the quarter, compared to the consensus estimate of $384.69 million. During the same period last year, the company earned $1.13 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.41 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.0%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is 38.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WH. Truist Financial lifted their price target 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. Morgan Stanley reaffirmed an "overweight" rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Wyndham Hotels & Resorts in a research note on Wednesday, October 8th. Finally, Barclays cut their price target on shares of Wyndham Hotels & Resorts from $101.00 to $99.00 and set an "overweight" rating on the stock in a research note on Friday, October 3rd. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.81.

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.

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