Charles Schwab Investment Management Inc. Buys 7,507 Shares of Wyndham Hotels & Resorts (NYSE:WH)

Charles Schwab Investment Management Inc. raised its holdings in Wyndham Hotels & Resorts (NYSE:WH) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 740,217 shares of the company’s stock after acquiring an additional 7,507 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of Wyndham Hotels & Resorts worth $66,997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank Pictet & Cie Europe AG acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $201,000. Wells Fargo & Company MN grew its position in Wyndham Hotels & Resorts by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,246 shares of the company’s stock valued at $1,537,000 after purchasing an additional 707 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Wyndham Hotels & Resorts by 4.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 130,581 shares of the company’s stock valued at $13,161,000 after purchasing an additional 5,182 shares in the last quarter. Bank of Montreal Can grew its position in Wyndham Hotels & Resorts by 4.5% in the fourth quarter. Bank of Montreal Can now owns 13,030 shares of the company’s stock valued at $1,313,000 after purchasing an additional 561 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Wyndham Hotels & Resorts by 103.7% in the fourth quarter. Renaissance Technologies LLC now owns 50,100 shares of the company’s stock valued at $5,050,000 after purchasing an additional 25,500 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WH shares. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Truist Financial raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Stifel Nicolaus decreased their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Barclays lifted 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 report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.98.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock opened at $88.82 on Friday. The firm’s 50 day simple moving average is $84.78 and its 200 day simple moving average is $89.79. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. The firm has a market capitalization of $6.78 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. Wyndham Hotels & Resorts has a 1-year low of $74.37 and a 1-year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. The firm had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 EPS. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.8%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 38.32%.

About Wyndham Hotels & Resorts

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.