Avantax Advisory Services Inc. Purchases 135 Shares of Wyndham Hotels & Resorts (NYSE:WH)

Avantax Advisory Services Inc. raised its position in shares of Wyndham Hotels & Resorts (NYSE:WH) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,015 shares of the company’s stock after acquiring an additional 135 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Wyndham Hotels & Resorts were worth $454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WH. Bank Pictet & Cie Europe AG acquired a new position in Wyndham Hotels & Resorts during the 4th quarter worth approximately $201,000. American Century Companies Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 3.3% in the 4th quarter. American Century Companies Inc. now owns 16,541 shares of the company’s stock worth $1,667,000 after acquiring an additional 523 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Wyndham Hotels & Resorts by 1.4% in the 4th quarter. LPL Financial LLC now owns 18,622 shares of the company’s stock worth $1,877,000 after acquiring an additional 256 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Wyndham Hotels & Resorts by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,246 shares of the company’s stock worth $1,537,000 after acquiring an additional 707 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 130,581 shares of the company’s stock worth $13,161,000 after acquiring an additional 5,182 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. 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 report on Thursday, May 1st. Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an “overweight” rating and a $101.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $106.98.

Insider Activity

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $85.77, for a total value of $2,292,117.48. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.46% of the stock is currently owned by insiders.

Wyndham Hotels & Resorts Trading Up 0.6%

Shares of WH stock opened at $85.54 on Thursday. The company has a 50 day moving average of $84.33 and a 200-day moving average of $90.55. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. Wyndham Hotels & Resorts has a 12-month low of $72.14 and a 12-month high of $113.07. The firm has a market cap of $6.53 billion, a P/E ratio of 19.99, a PEG ratio of 1.50 and a beta of 0.99.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The company had revenue of $397.00 million during the quarter, compared to analyst estimates of $384.69 million. During the same quarter last year, the business posted $1.13 EPS. Wyndham Hotels & Resorts’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 1.9%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 38.32%.

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.