Banque Pictet & Cie SA Acquires 552 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Banque Pictet & Cie SA grew its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 110,812 shares of the company’s stock after purchasing an additional 552 shares during the period. Banque Pictet & Cie SA’s holdings in Wyndham Hotels & Resorts were worth $11,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WH. Stifel Financial Corp raised its holdings in Wyndham Hotels & Resorts by 91.9% during the third quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock valued at $2,396,000 after buying an additional 14,688 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after acquiring an additional 506,593 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Wyndham Hotels & Resorts by 37.7% in the 3rd quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock worth $2,699,000 after purchasing an additional 9,463 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Wyndham Hotels & Resorts by 15.0% during the third quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company’s stock worth $5,027,000 after purchasing an additional 8,389 shares during the period. Finally, Impax Asset Management Group plc grew its holdings in Wyndham Hotels & Resorts by 35.0% during the third quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock valued at $10,549,000 after purchasing an additional 35,000 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

WH opened at $107.61 on Friday. The stock’s 50 day simple moving average is $103.14 and its 200-day simple moving average is $90.29. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock has a market cap of $8.37 billion, a PE ratio of 34.16, a P/E/G ratio of 2.14 and a beta of 1.29. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $110.58.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is 48.25%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WH. Oppenheimer boosted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays raised their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Wells Fargo & Company upgraded Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $103.00 to $114.00 in a research note on Friday, January 10th. Finally, Stifel Nicolaus lifted their price target on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.50.

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 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.