Wyndham Hotels & Resorts $WH Shares Sold by Wellington Management Group LLP

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 trimmed its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 38.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,965,352 shares of the company's stock after selling 1,842,483 shares during the period. Wellington Management Group LLP owned approximately 3.85% of Wyndham Hotels & Resorts worth $268,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $201,000. Wells Fargo & Company MN increased its position in Wyndham Hotels & Resorts by 4.9% during the fourth quarter. Wells Fargo & Company MN now owns 15,246 shares of the company's stock valued at $1,537,000 after acquiring an additional 707 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at $8,462,000. Marshall Wace LLP purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at $6,430,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Wyndham Hotels & Resorts by 2.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 69,906 shares of the company's stock valued at $7,044,000 after purchasing an additional 1,388 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Up 2.6%

WH stock traded up $2.2530 on Friday, hitting $88.8630. 521,026 shares of the company's stock were exchanged, compared to its average volume of 981,625. Wyndham Hotels & Resorts has a 12-month low of $75.91 and a 12-month high of $113.07. The firm has a 50 day moving average price of $85.42 and a two-hundred day moving average price of $89.06. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $6.79 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results 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. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The firm had revenue of $397.00 million for the quarter, compared to the consensus estimate of $384.69 million. During the same period in the previous year, the business earned $1.13 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, equities research analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, September 15th. Wyndham Hotels & Resorts's payout ratio is presently 38.32%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WH. Stifel Nicolaus cut their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research report on Thursday, May 1st. Morgan Stanley reiterated an "overweight" rating and set a $105.00 target price on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price for the company. Truist Financial increased their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Robert W. Baird increased 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. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has an average 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.