Morningstar Investment Services LLC Acquires 176,381 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Morningstar Investment Services LLC increased its position in Wyndham Hotels & Resorts, Inc. (NYSE:WHFree Report) by 98.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 354,948 shares of the company’s stock after purchasing an additional 176,381 shares during the quarter. Morningstar Investment Services LLC owned approximately 0.43% of Wyndham Hotels & Resorts worth $28,701,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in Wyndham Hotels & Resorts during the 4th quarter worth $2,011,000. Norges Bank purchased a new position in Wyndham Hotels & Resorts during the 4th quarter worth $71,677,000. Wellington Management Group LLP increased its holdings in Wyndham Hotels & Resorts by 150.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock worth $347,812,000 after purchasing an additional 3,002,259 shares during the period. Axiom Investors LLC DE increased its holdings in Wyndham Hotels & Resorts by 231.5% during the 4th quarter. Axiom Investors LLC DE now owns 106,980 shares of the company’s stock worth $8,602,000 after purchasing an additional 74,705 shares during the period. Finally, Burgundy Asset Management Ltd. increased its holdings in Wyndham Hotels & Resorts by 3.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,276,150 shares of the company’s stock worth $102,615,000 after purchasing an additional 45,062 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WH. Barclays lifted their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, April 26th. StockNews.com began coverage on Wyndham Hotels & Resorts in a report on Thursday. They issued a “hold” rating on the stock. Finally, Robert W. Baird lifted their price target on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.17.

Get Our Latest Report on WH

Insider Activity at Wyndham Hotels & Resorts

In other news, CFO Michele Allen sold 1,264 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $69.46, for a total transaction of $87,797.44. Following the completion of the transaction, the chief financial officer now directly owns 24,997 shares of the company’s stock, valued at approximately $1,736,291.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Michele Allen sold 1,264 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 24th. The shares were sold at an average price of $69.46, for a total transaction of $87,797.44. Following the transaction, the chief financial officer now owns 24,997 shares in the company, valued at approximately $1,736,291.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the transaction, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The disclosure for this sale can be found here. Insiders sold a total of 210,133 shares of company stock worth $15,383,027 over the last 90 days. Company insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Trading Up 1.2 %

Shares of Wyndham Hotels & Resorts stock opened at $71.14 on Friday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $71.87 and its 200-day simple moving average is $76.26. Wyndham Hotels & Resorts, Inc. has a 1-year low of $65.54 and a 1-year high of $81.73. The stock has a market cap of $5.73 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.45 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WHGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, topping 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 analyst estimates of $308.24 million. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.25 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Wyndham Hotels & Resorts Profile

(Free Report)

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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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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