LPL Financial LLC Acquires 727 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

LPL Financial LLC grew its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WHFree Report) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,194 shares of the company’s stock after acquiring an additional 727 shares during the quarter. LPL Financial LLC’s holdings in Wyndham Hotels & Resorts were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WH. Allworth Financial LP increased its holdings in shares of Wyndham Hotels & Resorts by 65.5% during the second quarter. Allworth Financial LP now owns 412 shares of the company’s stock valued at $28,000 after acquiring an additional 163 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Wyndham Hotels & Resorts by 139.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock valued at $31,000 after acquiring an additional 255 shares in the last quarter. Money Concepts Capital Corp bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter valued at approximately $33,000. Point72 Hong Kong Ltd bought a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at approximately $46,000. Finally, C M Bidwell & Associates Ltd. increased its holdings in shares of Wyndham Hotels & Resorts by 5,224.2% during the first quarter. C M Bidwell & Associates Ltd. now owns 1,757 shares of the company’s stock valued at $119,000 after acquiring an additional 1,724 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Wyndham Hotels & Resorts Stock Up 2.0 %

WH stock opened at $78.10 on Friday. The stock’s fifty day simple moving average is $72.53 and its two-hundred day simple moving average is $72.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.48. Wyndham Hotels & Resorts, Inc. has a 1-year low of $63.69 and a 1-year high of $81.00. The stock has a market cap of $6.48 billion, a P/E ratio of 22.77, a P/E/G ratio of 7.51 and a beta of 1.37.

Wyndham Hotels & Resorts (NYSE:WHGet Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.06. Wyndham Hotels & Resorts had a return on equity of 36.32% and a net margin of 20.98%. The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $395.44 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.01 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. HSBC assumed coverage on Wyndham Hotels & Resorts in a report on Monday, October 23rd. They set a “buy” rating and a $87.00 price objective for the company. StockNews.com assumed coverage on Wyndham Hotels & Resorts in a report on Saturday, November 11th. They set a “hold” rating for the company. Stifel Nicolaus decreased their price target on Wyndham Hotels & Resorts from $84.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, October 11th. TheStreet upgraded Wyndham Hotels & Resorts from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley upped their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Get Our Latest Research Report on Wyndham Hotels & Resorts

Wyndham Hotels & Resorts Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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