Wellington Management Group LLP Sells 1,842,483 Shares of Wyndham Hotels & Resorts $WH

Key Points

• Wellington Management Group LLP has sold 1,842,483 shares of Wyndham Hotels & Resorts, reducing its holdings by 38.3%, leaving it with about 3.85% of the company.
• Wyndham Hotels & Resorts reported better-than-expected earnings of $1.33 per share, exceeding analyst estimates, with revenues increasing 8.2% year-over-year.
• The company announced a quarterly dividend of $0.41 per share, with a reported dividend yield of 1.9%.

Wellington Management Group LLP cut its position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 38.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,965,352 shares of the company's stock after selling 1,842,483 shares during the period. Wellington Management Group LLP owned about 3.85% of Wyndham Hotels & Resorts worth $268,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP bought a new position in Wyndham Hotels & Resorts in the first quarter worth $29,000. Quarry LP bought a new position in Wyndham Hotels & Resorts in the fourth quarter worth $41,000. Versant Capital Management Inc lifted its position in Wyndham Hotels & Resorts by 139.2% in the first 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. First Horizon Advisors Inc. lifted its position 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 period. Finally, State of Wyoming bought a new position in Wyndham Hotels & Resorts in the fourth quarter worth $69,000. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock traded down $1.0510 during trading hours on Monday, hitting $87.9290. 77,802 shares of the company's stock were exchanged, compared to its average volume of 1,025,148. The stock's 50-day moving average is $85.42 and its 200-day moving average is $88.81. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. Wyndham Hotels & Resorts has a 52 week low of $75.91 and a 52 week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.33 EPS 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 return on equity of 60.79% and a net margin of 23.10%.The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, research analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 target price for the company. Robert W. Baird raised their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Stifel Nicolaus lowered 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. Barclays upped their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and an average target price of $106.98.

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.