First National Bank of Omaha bought a new position in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,558 shares of the company’s stock, valued at approximately $1,310,000.
A number of other large investors have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its position in shares of Wyndham Hotels & Resorts by 49.2% in the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in Wyndham Hotels & Resorts by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,043 shares of the company’s stock worth $247,000 after acquiring an additional 129 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 73.5% during the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 133 shares during the period. MML Investors Services LLC grew its holdings in Wyndham Hotels & Resorts by 0.7% in the 2nd quarter. MML Investors Services LLC now owns 28,070 shares of the company’s stock valued at $2,280,000 after buying an additional 185 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in Wyndham Hotels & Resorts by 6.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,960 shares of the company’s stock worth $249,000 after buying an additional 189 shares during the period. Institutional investors own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Stock Performance
WH opened at $75.84 on Thursday. Wyndham Hotels & Resorts has a 1-year low of $69.21 and a 1-year high of $90.35. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.89 and a beta of 0.63. The company’s fifty day moving average price is $78.48 and its two-hundred day moving average price is $79.94. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 63.24%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on WH shares. JPMorgan Chase & Co. reduced their target price on shares of Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Wells Fargo & Company boosted their price target on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $80.00 target price on shares of Wyndham Hotels & Resorts in a research report on Thursday, July 23rd. Barclays decreased their price target on Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a report on Friday, May 1st. 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.com, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $95.91.
Get Our Latest Stock Report on Wyndham Hotels & Resorts
Insider Buying and Selling
In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 19,414 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 549,323 shares of the company’s stock, valued at approximately $39,941,275.33. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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.
See Also
- Five stocks we like better than Wyndham Hotels & Resorts
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding WH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Hotels & Resorts (NYSE:WH – Free Report).
Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
