Northern Trust Corp Increases Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Northern Trust Corp raised its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,012,915 shares of the company’s stock after buying an additional 178,047 shares during the quarter. Northern Trust Corp’s holdings in Wyndham Hotels & Resorts were worth $102,092,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its position in shares of Wyndham Hotels & Resorts by 17.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company’s stock valued at $17,533,000 after purchasing an additional 25,702 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Wyndham Hotels & Resorts during the 4th quarter valued at approximately $248,000. Bessemer Group Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% in the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock worth $134,414,000 after buying an additional 1,328,292 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $28,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock valued at $85,870,000 after buying an additional 8,129 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Up 2.2 %

WH opened at $87.21 on Friday. The company has a fifty day moving average of $89.59 and a two-hundred day moving average of $96.30. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $113.07. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.87 and a beta of 1.11.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The company had revenue of $316.00 million during the quarter, compared to analysts’ expectations of $320.10 million. During the same quarter in the prior year, the firm posted $0.78 EPS. Wyndham Hotels & Resorts’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.41 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 1.88%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 45.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley reduced their target price on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Truist Financial reduced their price objective on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, March 21st. The Goldman Sachs Group dropped their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Susquehanna lifted their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company increased their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $109.81.

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.