Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,456 shares of the company’s stock after selling 2,200 shares during the period. Russell Investments Group Ltd.’s holdings in Wyndham Hotels & Resorts were worth $7,595,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in Wyndham Hotels & Resorts by 62.6% in the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares during the period. Systematic Alpha Investments LLC bought a new position in Wyndham Hotels & Resorts during the third quarter valued at about $37,000. Chilton Capital Management LLC bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at about $47,000. Covestor Ltd grew its holdings in Wyndham Hotels & Resorts by 68.3% during the third quarter. Covestor Ltd now owns 813 shares of the company’s stock worth $57,000 after acquiring an additional 330 shares during the period. Finally, Signaturefd LLC lifted 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 valued at $85,000 after acquiring an additional 204 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WH has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Sunday. They issued a “hold” rating on the stock. Robert W. Baird upped their price target on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Barclays lifted their target price on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.17.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of Wyndham Hotels & Resorts stock in a transaction dated 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 in the company, valued at approximately $27,708,952.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. 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 the company’s stock in a transaction dated 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 sale, the chief executive officer now 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. 2.79% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $74.17 on Wednesday. The company’s fifty day moving average is $74.66 and its two-hundred day moving average is $76.92. The company has a market cap of $5.98 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a 12-month low of $63.69 and a 12-month high of $81.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data 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. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. Equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.25 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.38 per share. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, March 14th. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Wyndham Hotels & Resorts Company 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.