M&T Bank Corp Sells 785 Shares of Wyndham Hotels & Resorts (NYSE:WH)

M&T Bank Corp lessened its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH) by 24.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,471 shares of the company’s stock after selling 785 shares during the quarter. M&T Bank Corp’s holdings in Wyndham Hotels & Resorts were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WH. Bessemer Group Inc. boosted its position in shares of Wyndham Hotels & Resorts by 24,953.8% in the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock valued at $134,414,000 after acquiring an additional 1,328,292 shares during the period. Norges Bank bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $104,774,000. JPMorgan Chase & Co. boosted its position in shares of Wyndham Hotels & Resorts by 404.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock valued at $122,261,000 after acquiring an additional 972,708 shares during the period. Freestone Grove Partners LP bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $54,738,000. Finally, Interval Partners LP bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $31,991,000. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Down 0.2%

WH stock opened at $86.75 on Friday. The company has a market capitalization of $6.68 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. Wyndham Hotels & Resorts has a one year low of $70.08 and a one year high of $113.07. The company’s 50 day moving average price is $84.10 and its two-hundred day moving average price is $91.76. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.96.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. As a group, analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, June 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 38.86%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the transaction, the chief executive officer directly owned 467,394 shares of the company’s stock, valued at approximately $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WH. Truist Financial cut their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an “overweight” rating and a $101.00 price objective for the company. Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Monday, March 24th. Stifel Nicolaus lowered their target price on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a research note on Tuesday. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.40.

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 Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.