Mount Vernon Associates Inc. MD Sells 500 Shares of Wyndham Hotels & Resorts $WH

Mount Vernon Associates Inc. MD lessened its stake in Wyndham Hotels & Resorts (NYSE:WH) by 11.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,728 shares of the company’s stock after selling 500 shares during the quarter. Mount Vernon Associates Inc. MD’s holdings in Wyndham Hotels & Resorts were worth $303,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WH. Nuveen LLC bought a new position in shares of Wyndham Hotels & Resorts in the first quarter valued at approximately $70,353,000. Samlyn Capital LLC lifted its holdings in shares of Wyndham Hotels & Resorts by 144.7% in the first quarter. Samlyn Capital LLC now owns 661,554 shares of the company’s stock valued at $59,877,000 after purchasing an additional 391,181 shares in the last quarter. Fiera Capital Corp purchased a new stake in shares of Wyndham Hotels & Resorts during the first quarter valued at approximately $22,073,000. Long Pond Capital LP purchased a new stake in shares of Wyndham Hotels & Resorts during the first quarter valued at approximately $21,103,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Wyndham Hotels & Resorts by 155.2% during the first quarter. The Manufacturers Life Insurance Company now owns 371,823 shares of the company’s stock valued at $33,654,000 after acquiring an additional 226,146 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WH. Truist Financial increased their price target on 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. began coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an “overweight” rating and a $101.00 price target for the company. Robert W. Baird increased their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research report on Saturday, September 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.81.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $81.39 on Friday. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day simple moving average of $85.47 and a two-hundred day simple moving average of $85.10. Wyndham Hotels & Resorts has a 1 year low of $76.65 and a 1 year high of $113.07. The company has a market capitalization of $6.21 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.43 and a beta of 0.92.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The business had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. During the same period last year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. On average, analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.41 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.0%. Wyndham Hotels & Resorts’s 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.