abrdn plc Decreases Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

abrdn plc reduced its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 283,447 shares of the company’s stock after selling 3,300 shares during the period. abrdn plc owned 0.36% of Wyndham Hotels & Resorts worth $22,149,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WH. TimesSquare Capital Management LLC purchased a new position in shares of Wyndham Hotels & Resorts during the first quarter valued at about $1,382,000. Van ECK Associates Corp purchased a new position in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $2,292,000. Sequoia Financial Advisors LLC bought a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $680,000. Hsbc Holdings PLC purchased a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at approximately $1,425,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Wyndham Hotels & Resorts by 377.5% in the 2nd 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. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WH shares. Barclays raised their price objective on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday. Robert W. Baird upped their price target on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted their price objective on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $95.00.

Wyndham Hotels & Resorts Stock Down 0.7 %

Wyndham Hotels & Resorts stock opened at $88.32 on Friday. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 2.69 and a beta of 1.33. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $91.93. The stock has a fifty day simple moving average of $80.08 and a two-hundred day simple moving average of $75.32.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $408.32 million. During the same quarter in the prior year, the business earned $1.31 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.28 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.72%. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 15,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 10,056 shares in the company, valued at approximately $904,939.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the company’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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,040 shares of company stock worth $9,022,056 in the last ninety days. Insiders own 2.79% of the company’s stock.

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.