Bank of New York Mellon Corp bought a new position in Wyndham Hotels & Resorts (NYSE:WH – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 675,221 shares of the company’s stock, valued at approximately $56,860,000.
Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Wyndham Hotels & Resorts by 73.5% in the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 133 shares during the period. Los Angeles Capital Management LLC purchased a new position in Wyndham Hotels & Resorts during the fourth quarter worth about $27,000. Geneos Wealth Management Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 49.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Wyndham Hotels & Resorts by 3,478.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the company’s stock worth $54,000 after acquiring an additional 661 shares during the period. Finally, Clearstead Advisors LLC boosted its position in shares of Wyndham Hotels & Resorts by 205.5% in the fourth quarter. Clearstead Advisors LLC now owns 727 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Analyst Upgrades and Downgrades
WH has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a report on Friday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and set a $80.00 price objective on shares of Wyndham Hotels & Resorts in a research note on Thursday, July 23rd. Barclays lowered their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Wells Fargo & Company increased their target price on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Finally, Susquehanna reduced their target price on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.91.
Insider Buying and Selling
In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 19,414 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $72.71, for a total value of $1,411,591.94. Following the completion of the transaction, the chief executive officer owned 549,323 shares in the company, valued at $39,941,275.33. This represents a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.33% of the company’s stock.
Wyndham Hotels & Resorts Stock Up 1.2%
Shares of NYSE WH opened at $76.78 on Thursday. The stock has a fifty day moving average price of $77.89 and a 200 day moving average price of $80.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 5.53. Wyndham Hotels & Resorts has a 12-month low of $69.21 and a 12-month high of $90.35. The company has a market cap of $5.70 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.96 and a beta of 0.63.
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Wyndham Hotels & Resorts had a return on equity of 74.22% and a net margin of 14.67%.The company had revenue of $375.00 million for the quarter, compared to analysts’ expectations of $400.75 million. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2026 guidance at 4.710-4.830 EPS. Research analysts anticipate that Wyndham Hotels & Resorts will post 4.81 EPS for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 63.24%.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.
The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.
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