Comerica Bank Trims Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Comerica Bank lessened its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 6.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,898 shares of the company’s stock after selling 1,685 shares during the quarter. Comerica Bank’s holdings in Wyndham Hotels & Resorts were worth $2,610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Mutual of America Capital Management LLC boosted its position in 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 buying an additional 25,702 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $248,000. Bessemer Group Inc. grew its stake in 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 purchasing an additional 1,328,292 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Wyndham Hotels & Resorts during the 4th quarter worth $28,000. Finally, Bank of New York Mellon Corp raised its position in Wyndham Hotels & Resorts by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock valued at $85,870,000 after purchasing an additional 8,129 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WH. Stifel Nicolaus cut their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Morgan Stanley reduced their price target on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Susquehanna increased 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. The Goldman Sachs Group cut their price objective 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. Finally, Truist Financial lowered their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.48.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $84.33 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm has a market cap of $6.53 billion, a PE ratio of 23.23, a P/E/G ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07. The stock has a fifty day moving average price of $87.70 and a 200-day moving average price of $96.24.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating 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 period last year, the business posted $0.78 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s payout ratio is currently 38.86%.

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.