Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 31.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 182,734 shares of the company’s stock after selling 85,505 shares during the period. Principal Financial Group Inc. owned 0.23% of Wyndham Hotels & Resorts worth $14,279,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WH. iA Global Asset Management Inc. lifted its stake in Wyndham Hotels & Resorts by 3.1% during the second quarter. iA Global Asset Management Inc. now owns 13,411 shares of the company’s stock worth $992,000 after purchasing an additional 407 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at about $70,000. Van ECK Associates Corp boosted its holdings in shares of Wyndham Hotels & Resorts by 109.7% in the 2nd quarter. Van ECK Associates Corp now owns 62,632 shares of the company’s stock valued at $4,635,000 after buying an additional 32,769 shares during the period. Natixis Advisors LLC grew its position in shares of Wyndham Hotels & Resorts by 148.0% during the 2nd quarter. Natixis Advisors LLC now owns 25,074 shares of the company’s stock valued at $1,855,000 after buying an additional 14,964 shares during the last quarter. Finally, Allegheny Financial Group LTD raised its stake in Wyndham Hotels & Resorts by 24.9% during the second quarter. Allegheny Financial Group LTD now owns 4,649 shares of the company’s stock worth $344,000 after acquiring an additional 928 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Down 0.2 %

Shares of NYSE:WH opened at $101.69 on Friday. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $105.16. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The firm has a market cap of $7.91 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.42 and a beta of 1.32. The company has a 50 day moving average of $96.40 and a 200-day moving average of $83.14.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. As a group, analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is 48.25%.

Insider Activity at Wyndham Hotels & Resorts

In other news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the transaction, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. This represents a 9.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,850 shares of company stock worth $8,881,849 in the last quarter. 2.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on WH. Truist Financial upped their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company began coverage on shares of Wyndham Hotels & Resorts in a report on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.56.

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.