Wyndham Hotels & Resorts (NYSE:WH) Position Decreased by Banque Pictet & Cie SA

Banque Pictet & Cie SA cut its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,795 shares of the company's stock after selling 6,017 shares during the period. Banque Pictet & Cie SA owned 0.14% of Wyndham Hotels & Resorts worth $9,485,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Boston Partners raised its holdings in Wyndham Hotels & Resorts by 5.3% in the fourth quarter. Boston Partners now owns 3,853,527 shares of the company's stock valued at $388,462,000 after acquiring an additional 192,221 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Wyndham Hotels & Resorts by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company's stock valued at $231,947,000 after acquiring an additional 37,832 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Wyndham Hotels & Resorts by 3.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company's stock valued at $182,460,000 after acquiring an additional 63,006 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Wyndham Hotels & Resorts by 6.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock valued at $143,038,000 after acquiring an additional 81,730 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 1.7% during the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock worth $122,786,000 after purchasing an additional 22,990 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.46% of the stock is owned by corporate insiders.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock traded up $1.66 during trading on Friday, hitting $91.00. 1,796,545 shares of the stock were exchanged, compared to its average volume of 886,751. The stock's fifty day moving average is $83.72 and its 200 day moving average is $92.16. The stock has a market cap of $7.01 billion, a PE ratio of 21.56, a P/E/G ratio of 1.85 and a beta of 0.98. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.96. Wyndham Hotels & Resorts has a 12 month low of $70.08 and a 12 month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $316.00 million during the quarter, compared to analyst estimates of $320.10 million. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. Wyndham Hotels & Resorts's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.41 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 1.80%. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.86%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WH. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Monday, March 24th. Barclays dropped their target price on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley dropped their target price on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price on the stock. Finally, The Goldman Sachs Group dropped 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 report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $107.48.

About Wyndham Hotels & Resorts

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.