Oppenheimer & Co. Inc. Cuts Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Oppenheimer & Co. Inc. reduced its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 92.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,881 shares of the company’s stock after selling 33,947 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Wyndham Hotels & Resorts were worth $290,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WH. Trust Co. of Vermont raised its stake in shares of Wyndham Hotels & Resorts by 434.8% in the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock worth $25,000 after buying an additional 200 shares in the last quarter. Assetmark Inc. purchased a new position in Wyndham Hotels & Resorts in the third quarter valued at about $30,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Wyndham Hotels & Resorts by 86.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after acquiring an additional 190 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Wyndham Hotels & Resorts by 72.7% during the 4th quarter. UMB Bank n.a. now owns 399 shares of the company’s stock worth $40,000 after acquiring an additional 168 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Trading Down 2.0 %

Shares of WH stock opened at $98.44 on Friday. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.87 and a beta of 1.28. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a fifty day moving average price of $104.81 and a 200-day moving average price of $94.03. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, March 17th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 41.87%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Susquehanna increased their price target on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Robert W. Baird raised their price objective on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Wells Fargo & Company lifted their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised their price target on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $116.45.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.