PineStone Asset Management Inc. Sells 9,575 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

PineStone Asset Management Inc. cut its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,525 shares of the company’s stock after selling 9,575 shares during the quarter. PineStone Asset Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $24,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont grew its position in Wyndham Hotels & Resorts by 434.8% during 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 in the last quarter. Assetmark Inc. acquired a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter worth $30,000. Nomura Asset Management Co. Ltd. increased its position in shares of Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares during the period. First Horizon Advisors Inc. raised its stake in Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock worth $40,000 after purchasing an additional 168 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on WH. JPMorgan Chase & Co. raised their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their target price on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial boosted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group lifted their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.30.

Wyndham Hotels & Resorts Stock Up 2.0 %

NYSE:WH opened at $109.47 on Friday. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. Wyndham Hotels & Resorts, Inc. has a one year low of $67.67 and a one year high of $110.94. The firm’s 50 day simple moving average is $103.29 and its 200 day simple moving average is $90.51. The company has a market cap of $8.52 billion, a PE ratio of 34.75, a P/E/G ratio of 2.14 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. On average, research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.39%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.