Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Purchased by Pictet Asset Management SA

Pictet Asset Management SA increased its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,479 shares of the company’s stock after acquiring an additional 430 shares during the period. Pictet Asset Management SA’s holdings in Wyndham Hotels & Resorts were worth $711,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WH. Raymond James Financial Services Advisors Inc. lifted its stake in Wyndham Hotels & Resorts by 2.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,631 shares of the company’s stock worth $646,000 after acquiring an additional 157 shares in the last quarter. HighTower Advisors LLC raised its position in Wyndham Hotels & Resorts by 5.4% in the 1st quarter. HighTower Advisors LLC now owns 6,609 shares of the company’s stock valued at $558,000 after purchasing an additional 340 shares in the last quarter. Citigroup Inc. raised its position in Wyndham Hotels & Resorts by 7.8% in the 1st quarter. Citigroup Inc. now owns 38,595 shares of the company’s stock valued at $3,268,000 after purchasing an additional 2,783 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Wyndham Hotels & Resorts in the 1st quarter valued at about $1,358,000. Finally, APG Asset Management N.V. acquired a new stake in Wyndham Hotels & Resorts in the 1st quarter valued at about $723,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Buying and Selling

In related news, CAO Nicola Rossi sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $73.72, for a total transaction of $589,760.00. Following the transaction, the chief accounting officer now owns 5,741 shares in the company, valued at approximately $423,226.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WH has been the topic of a number of analyst reports. Truist Financial reduced their price target on Wyndham Hotels & Resorts from $96.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, July 20th. StockNews.com started coverage on Wyndham Hotels & Resorts in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Morgan Stanley cut their target price on Wyndham Hotels & Resorts from $92.00 to $80.00 in a research report on Tuesday, June 27th. Finally, TheStreet raised Wyndham Hotels & Resorts from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.57.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $73.34 on Monday. The stock’s 50-day simple moving average is $72.87 and its 200-day simple moving average is $71.24. The firm has a market capitalization of $6.18 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 14.71 and a beta of 1.38. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $58.81 and a fifty-two week high of $81.00.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. The firm had revenue of $362.00 million for the quarter, compared to the consensus estimate of $365.81 million. Wyndham Hotels & Resorts had a return on equity of 34.12% and a net margin of 20.76%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. As a group, equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 3.99 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.91%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 41.79%.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.