Harvest Portfolios Group Inc. Trims Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Harvest Portfolios Group Inc. trimmed its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,091 shares of the company’s stock after selling 1,162 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Wyndham Hotels & Resorts were worth $1,101,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in Wyndham Hotels & Resorts by 377.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company’s stock valued at $91,812,000 after buying an additional 980,848 shares during the period. Burgundy Asset Management Ltd. raised its stake in Wyndham Hotels & Resorts by 70.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after buying an additional 916,742 shares in the last quarter. Vanguard Group Inc. raised its holdings in Wyndham Hotels & Resorts by 7.5% in the first quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after purchasing an additional 581,909 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Wyndham Hotels & Resorts by 1,186.0% during the 1st quarter. Janus Henderson Group PLC now owns 509,441 shares of the company’s stock valued at $39,092,000 after buying an additional 469,827 shares in the last quarter. Finally, Boston Partners grew its holdings in Wyndham Hotels & Resorts by 15.4% in the first quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after purchasing an additional 430,053 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Wyndham Hotels & Resorts

In related news, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the transaction, the director now directly owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,040 shares of company stock worth $9,022,056. Company insiders own 2.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WH. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Robert W. Baird raised their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Barclays lifted their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective for the company. Finally, Truist Financial lifted their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and an average price target of $95.00.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $95.43 on Thursday. The business has a 50-day moving average price of $81.38 and a 200-day moving average price of $76.01. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $95.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 EPS. As a group, equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.