Wyndham Hotels & Resorts $WH Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Wyndham Hotels & Resorts (NYSE:WH) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 833,305 shares of the company’s stock after selling 44,990 shares during the quarter. Bank of New York Mellon Corp’s holdings in Wyndham Hotels & Resorts were worth $67,673,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Elequin Capital LP bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter valued at approximately $29,000. Hantz Financial Services Inc. increased its stake in Wyndham Hotels & Resorts by 5,950.0% during the second quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock valued at $29,000 after purchasing an additional 357 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the period. SVB Wealth LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth $46,000. Finally, Quarry LP lifted its position in shares of Wyndham Hotels & Resorts by 34.5% in the 1st quarter. Quarry LP now owns 542 shares of the company’s stock worth $49,000 after buying an additional 139 shares during the last quarter. 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 research reports. Stifel Nicolaus lowered their price objective on shares of Wyndham Hotels & Resorts from $103.50 to $95.50 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Truist Financial set a $98.00 target price on Wyndham Hotels & Resorts in a report on Friday, October 24th. Barclays cut their price target on Wyndham Hotels & Resorts from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Morgan Stanley set a $91.00 price objective on Wyndham Hotels & Resorts and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Susquehanna cut their target price on Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $101.13.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH opened at $73.70 on Monday. Wyndham Hotels & Resorts has a 12-month low of $71.37 and a 12-month high of $113.07. The company has a market cap of $5.57 billion, a PE ratio of 16.94, a P/E/G ratio of 1.93 and a beta of 0.89. The stock has a 50 day simple moving average of $80.07 and a 200-day simple moving average of $83.42. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.43.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.04. Wyndham Hotels & Resorts had a return on equity of 61.12% and a net margin of 23.54%.The company had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $406.29 million. During the same quarter in the prior year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.480-4.62 EPS. On average, equities research analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 37.70%.

About Wyndham Hotels & Resorts

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.