New York Life Investment Management LLC Boosts Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

New York Life Investment Management LLC grew its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,569 shares of the company’s stock after purchasing an additional 598 shares during the period. New York Life Investment Management LLC’s holdings in Wyndham Hotels & Resorts were worth $769,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WH. Wellington Management Group LLP increased its stake in Wyndham Hotels & Resorts by 150.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock worth $347,812,000 after acquiring an additional 3,002,259 shares during the last quarter. FMR LLC increased its position in shares of Wyndham Hotels & Resorts by 2.7% in the third quarter. FMR LLC now owns 2,492,340 shares of the company’s stock worth $173,317,000 after purchasing an additional 64,925 shares during the last quarter. Invesco Ltd. raised its stake in Wyndham Hotels & Resorts by 55.2% in the third quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock valued at $93,043,000 after purchasing an additional 475,682 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in Wyndham Hotels & Resorts by 1.6% during the third quarter. Burgundy Asset Management Ltd. now owns 1,231,088 shares of the company’s stock valued at $85,610,000 after purchasing an additional 19,572 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Wyndham Hotels & Resorts by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 661,266 shares of the company’s stock valued at $45,984,000 after purchasing an additional 3,459 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was 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 of the company’s stock, valued at approximately $900,916. The disclosure for this sale can be found here. 2.79% of the stock is owned by insiders.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $72.56 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27. The stock has a market cap of $5.85 billion, a PE ratio of 25.73, a PEG ratio of 2.55 and a beta of 1.33. The company’s fifty day moving average is $74.56 and its 200 day moving average is $76.89. Wyndham Hotels & Resorts, Inc. has a 52 week low of $63.69 and a 52 week high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The firm had revenue of $305.00 million for 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 company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. Research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.25 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.38 dividend. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.09%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Analyst Ratings Changes

A number of equities analysts have recently commented on WH shares. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a report on Sunday. They issued a “hold” rating on the stock. Robert W. Baird increased their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Barclays lifted their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.17.

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.