Principal Financial Group Inc. lowered its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 304,850 shares of the company’s stock after selling 6,269 shares during the period. Principal Financial Group Inc. owned 0.37% of Wyndham Hotels & Resorts worth $24,513,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of WH. Allworth Financial LP lifted its position in shares of Wyndham Hotels & Resorts by 62.6% during the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after acquiring an additional 152 shares in the last quarter. Systematic Alpha Investments LLC purchased a new stake in Wyndham Hotels & Resorts during the 3rd quarter worth about $37,000. Chilton Capital Management LLC bought a new position in Wyndham Hotels & Resorts in the 4th quarter worth about $47,000. Covestor Ltd grew its holdings in Wyndham Hotels & Resorts by 68.3% during the 3rd quarter. Covestor Ltd now owns 813 shares of the company’s stock valued at $57,000 after buying an additional 330 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Wyndham Hotels & Resorts by 24.1% during the fourth quarter. Signaturefd LLC now owns 1,052 shares of the company’s stock valued at $85,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on WH. Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a report on Monday, May 13th. They issued a “hold” rating on the stock. Finally, Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.17.
Wyndham Hotels & Resorts Stock Performance
Wyndham Hotels & Resorts stock opened at $70.99 on Monday. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market cap of $5.72 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 2.47 and a beta of 1.33. The firm’s fifty day moving average price is $73.94 and its 200-day moving average price is $76.86.
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The business had revenue of $305.00 million for the quarter, compared to the consensus estimate of $308.24 million. During the same quarter last year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.25 earnings per share for the current fiscal year.
Wyndham Hotels & Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.
Insiders Place Their Bets
In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the sale, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the transaction, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the sale, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The disclosure for this sale can be found here. Insiders own 2.79% of the company’s stock.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.
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