Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 240,319 shares of the company’s stock after selling 8,721 shares during the period. JPMorgan Chase & Co. owned 0.31% of Wyndham Hotels & Resorts worth $18,779,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in shares of Wyndham Hotels & Resorts by 377.5% in the second quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company’s stock valued at $91,812,000 after purchasing an additional 980,848 shares during the period. Burgundy Asset Management Ltd. boosted its stake in Wyndham Hotels & Resorts by 70.9% in the 2nd 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 during the last quarter. TimesSquare Capital Management LLC grew its holdings in Wyndham Hotels & Resorts by 284,590.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 284,690 shares of the company’s stock valued at $22,246,000 after buying an additional 284,590 shares during the period. Copeland Capital Management LLC increased its stake in shares of Wyndham Hotels & Resorts by 133.1% during the 3rd quarter. Copeland Capital Management LLC now owns 409,324 shares of the company’s stock valued at $31,985,000 after acquiring an additional 233,754 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Wyndham Hotels & Resorts by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,237,944 shares of the company’s stock worth $91,609,000 after acquiring an additional 196,982 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their price objective 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. The Goldman Sachs Group increased their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a report on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 target price on the stock. Finally, StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.00.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock opened at $99.00 on Friday. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. Wyndham Hotels & Resorts, Inc. has a one year low of $67.67 and a one year high of $105.16. The stock’s 50 day moving average price is $98.77 and its 200 day moving average price is $84.87. The firm has a market capitalization of $7.70 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results 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. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same period in the prior year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.29 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

Insider Activity at Wyndham Hotels & Resorts

In other news, CFO Michele Allen sold 15,000 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the transaction, the chief financial officer now owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This trade represents a 59.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,850 shares of company stock valued at $8,881,849. Insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Profile

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