Raymond James Financial Inc. Sells 26,556 Shares of Wyndham Hotels & Resorts $WH

Key Points

• Raymond James Financial Inc. reduced its stake in Wyndham Hotels & Resorts by 31.6%, selling over 26,000 shares, and now holds approximately 0.07% of the company valued at $5.2 million.
• Wyndham Hotels & Resorts reported an EPS of $1.33 for the last quarter, exceeding estimates, and anticipates FY 2025 EPS guidance between $4.600 and $4.780.
• The company announced a quarterly dividend of $0.41 per share, representing an annualized yield of 1.9%, with a payout ratio of 38.32%.

Raymond James Financial Inc. reduced its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 31.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,401 shares of the company's stock after selling 26,556 shares during the period. Raymond James Financial Inc. owned 0.07% of Wyndham Hotels & Resorts worth $5,195,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WH. Bank Pictet & Cie Europe AG bought a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $201,000. First Trust Advisors LP bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter valued at approximately $922,000. Algert Global LLC bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter valued at approximately $651,000. Ameriprise Financial Inc. raised its position in shares of Wyndham Hotels & Resorts by 27.9% during the fourth quarter. Ameriprise Financial Inc. now owns 131,429 shares of the company's stock valued at $13,247,000 after buying an additional 28,699 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Wyndham Hotels & Resorts by 986.3% during the fourth quarter. BNP Paribas Financial Markets now owns 210,525 shares of the company's stock valued at $21,219,000 after buying an additional 191,145 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WH has been the topic of several recent analyst reports. Truist Financial lifted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective on the stock. Robert W. Baird upped their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Morgan Stanley reaffirmed an "overweight" rating and set a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Finally, Barclays upped their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts has an average rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Trading Down 1.1%

Shares of NYSE WH traded down $0.93 during trading hours on Tuesday, hitting $86.97. 325,242 shares of the company traded hands, compared to its average volume of 1,011,608. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. The company's 50 day moving average price is $86.94 and its 200 day moving average price is $87.10. Wyndham Hotels & Resorts has a 12 month low of $75.91 and a 12 month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $397.00 million for the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. On average, 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 will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio is 38.32%.

Wyndham Hotels & Resorts Company 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.