Texas Permanent School Fund Corp Reduces Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Texas Permanent School Fund Corp lessened its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,246 shares of the company’s stock after selling 7,361 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Wyndham Hotels & Resorts worth $4,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of WH. Vanguard Group Inc. lifted 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 valued at $637,875,000 after acquiring an additional 581,909 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Wyndham Hotels & Resorts by 0.3% in the 1st quarter. Capital Research Global Investors now owns 7,192,076 shares of the company’s stock valued at $551,992,000 after purchasing an additional 23,549 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Wyndham Hotels & Resorts by 10.9% during the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after purchasing an additional 543,488 shares during the period. Boston Partners increased its position in shares of Wyndham Hotels & Resorts by 15.4% during the 1st 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 last quarter. Finally, Burgundy Asset Management Ltd. increased its position in shares of Wyndham Hotels & Resorts by 1.4% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,293,916 shares of the company’s stock worth $99,308,000 after purchasing an additional 17,766 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $78.09 on Friday. The firm has a 50 day moving average of $75.50 and a two-hundred day moving average of $74.05. The stock has a market capitalization of $6.29 billion, a PE ratio of 27.69, a P/E/G ratio of 2.68 and a beta of 1.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts, Inc. has a 52 week low of $65.63 and a 52 week high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The firm had revenue of $367.00 million during the quarter, compared to analyst estimates of $370.58 million. During the same period last year, the business posted $0.93 earnings per share. Wyndham Hotels & Resorts’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Analyst Ratings Changes

Several brokerages have weighed in on WH. Susquehanna assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a “neutral” rating and a $80.00 target price for the company. Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a research report on Friday, July 26th. StockNews.com downgraded shares of Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Barclays upped their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus dropped their price objective on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $89.43.

Insider Buying and Selling

In other news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares in the company, valued at approximately $315,006.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,640 shares of company stock worth $974,351. Company insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts 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.