Truist Financial Corp Lowers Stock Holdings in Wyndham Hotels & Resorts $WH

Truist Financial Corp reduced its position in Wyndham Hotels & Resorts (NYSE:WH) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,416 shares of the company’s stock after selling 248 shares during the period. Truist Financial Corp’s holdings in Wyndham Hotels & Resorts were worth $521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Capital Management LLC purchased a new position in Wyndham Hotels & Resorts during the first quarter worth approximately $428,000. Generate Investment Management Ltd purchased a new position in Wyndham Hotels & Resorts during the first quarter worth approximately $6,258,000. SG Americas Securities LLC purchased a new position in Wyndham Hotels & Resorts during the first quarter worth approximately $676,000. Bessemer Group Inc. raised its stake in Wyndham Hotels & Resorts by 1.7% during the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company’s stock worth $122,786,000 after purchasing an additional 22,990 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new position in Wyndham Hotels & Resorts during the first quarter worth approximately $462,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WH. Weiss Ratings reissued a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research note on Wednesday, October 8th. 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 note on Friday, July 25th. Barclays lowered their price target on shares of Wyndham Hotels & Resorts from $101.00 to $99.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Finally, Robert W. Baird raised their price target on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.81.

Wyndham Hotels & Resorts Price Performance

NYSE WH opened at $77.88 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The stock has a market capitalization of $5.95 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company has a 50 day moving average price of $84.11 and a two-hundred day moving average price of $84.41. Wyndham Hotels & Resorts has a 12-month low of $75.29 and a 12-month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $397.00 million during the quarter, compared to analysts’ expectations of $384.69 million. During the same period in the previous year, the company earned $1.13 earnings per share. Wyndham Hotels & Resorts’s revenue for the quarter was up 8.2% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, equities analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 38.32%.

Wyndham Hotels & Resorts 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.