Pictet Asset Management Holding SA Increases Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Pictet Asset Management Holding SA raised its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,639 shares of the company’s stock after acquiring an additional 2,202 shares during the period. Pictet Asset Management Holding SA’s holdings in Wyndham Hotels & Resorts were worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WH. Trust Co. of Vermont raised its holdings in shares of Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the period. Proficio Capital Partners LLC purchased a new stake in Wyndham Hotels & Resorts in the fourth quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Wyndham Hotels & Resorts by 508.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock worth $28,000 after purchasing an additional 234 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after purchasing an additional 190 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock worth $35,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WH. Barclays upped their target price on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company raised their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus lifted their target price on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley increased their price target on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group upped their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $116.08.

Wyndham Hotels & Resorts Stock Down 4.8 %

Shares of Wyndham Hotels & Resorts stock opened at $82.21 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The company has a market cap of $6.37 billion, a P/E ratio of 22.65, a PEG ratio of 1.87 and a beta of 1.11. The firm’s 50 day moving average price is $100.24 and its 200-day moving average price is $95.84. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.41 dividend. The ex-dividend date was Monday, March 17th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 1.99%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 45.18%.

Wyndham Hotels & Resorts 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.