Mcmorgan & Co. LLC Lowers Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Mcmorgan & Co. LLC decreased its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,189 shares of the company’s stock after selling 215 shares during the period. Mcmorgan & Co. LLC’s holdings in Wyndham Hotels & Resorts were worth $2,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in shares of Wyndham Hotels & Resorts by 17.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company’s stock valued at $17,533,000 after acquiring an additional 25,702 shares in the last quarter. CIBC Asset Management Inc bought a new position in Wyndham Hotels & Resorts in the 4th quarter valued at $248,000. Bessemer Group Inc. increased its position in shares of Wyndham Hotels & Resorts by 24,953.8% during the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock valued at $134,414,000 after purchasing an additional 1,328,292 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter worth $28,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Wyndham Hotels & Resorts by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock worth $85,870,000 after buying an additional 8,129 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WH shares. The Goldman Sachs Group decreased their price target on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Robert W. Baird upped their price target on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Morgan Stanley lifted their price objective on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Wells Fargo & Company increased their target price on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus raised their price objective on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.67.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock opened at $81.41 on Friday. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm has a market capitalization of $6.31 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The firm’s 50 day simple moving average is $94.60 and its 200 day simple moving average is $95.99.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share 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%. As a group, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share 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. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 45.18%.

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.