Retirement Systems of Alabama Purchases 66,266 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Retirement Systems of Alabama boosted its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 40.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 231,671 shares of the company’s stock after acquiring an additional 66,266 shares during the quarter. Retirement Systems of Alabama’s holdings in Wyndham Hotels & Resorts were worth $17,781,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of Wyndham Hotels & Resorts by 62.6% in the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after buying an additional 152 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Wyndham Hotels & Resorts in the fourth quarter worth $47,000. TFO Wealth Partners LLC boosted its holdings in Wyndham Hotels & Resorts by 41,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after acquiring an additional 822 shares in the last quarter. Concord Wealth Partners increased its position in Wyndham Hotels & Resorts by 70.8% during the 1st quarter. Concord Wealth Partners now owns 1,023 shares of the company’s stock valued at $79,000 after purchasing an additional 424 shares during the period. Finally, Signaturefd LLC raised its holdings in Wyndham Hotels & Resorts by 24.1% in the 4th quarter. Signaturefd LLC now owns 1,052 shares of the company’s stock worth $85,000 after purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WH shares. StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Saturday, June 22nd. They set a “hold” rating on the stock. Susquehanna assumed coverage on Wyndham Hotels & Resorts in a research report on Friday, June 21st. They issued a “neutral” rating and a $80.00 target price for the company. Barclays lifted their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Insider Buying and Selling

In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares in the company, valued at $27,708,952.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Scott R. Strickland sold 4,040 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $69.46, for a total value of $280,618.40. Following the sale, the insider now owns 28,722 shares in the company, valued at $1,995,030.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the sale, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The disclosure for this sale can be found here. Insiders sold a total of 206,933 shares of company stock worth $15,130,227 in the last three months. Insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Stock Down 0.6 %

NYSE:WH traded down $0.46 during trading hours on Friday, reaching $72.34. 658,152 shares of the company traded hands, compared to its average volume of 749,644. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27. The business’s 50-day moving average price is $71.93 and its two-hundred day moving average price is $75.52. Wyndham Hotels & Resorts, Inc. has a 1 year low of $65.63 and a 1 year high of $81.73. The stock has a market capitalization of $5.83 billion, a P/E ratio of 25.46, a P/E/G ratio of 2.53 and a beta of 1.34.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. During the same quarter in the previous year, the firm earned $0.86 EPS. Wyndham Hotels & Resorts’s quarterly revenue was down 2.6% compared to the same quarter last year. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.26 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Wyndham Hotels & Resorts 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.