Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.5% in the third quarter, HoldingsChannel reports. The firm owned 240,319 shares of the company’s stock after selling 8,721 shares during the period. JPMorgan Chase & Co.’s holdings in Wyndham Hotels & Resorts were worth $18,779,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp raised its holdings in shares of Wyndham Hotels & Resorts by 4.2% during the third quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock valued at $267,000 after buying an additional 138 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Wyndham Hotels & Resorts by 2.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock valued at $443,000 after acquiring an additional 147 shares in the last quarter. PFG Investments LLC raised its stake in Wyndham Hotels & Resorts by 4.4% during the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock valued at $271,000 after acquiring an additional 155 shares in the last quarter. Equitable Trust Co. boosted its position in Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock worth $716,000 after acquiring an additional 174 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Wyndham Hotels & Resorts by 1.9% in the third quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH opened at $99.00 on Friday. The stock’s fifty day simple moving average is $98.77 and its 200 day simple moving average is $84.87. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.42 and a beta of 1.30. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $105.16.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The firm had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $408.32 million. During the same quarter last year, the business posted $1.31 EPS. Wyndham Hotels & Resorts’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is 48.25%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the transaction, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at $904,939.44. This trade represents a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,850 shares of company stock worth $8,881,849. Corporate insiders own 2.79% of the company’s stock.

Analyst Ratings Changes

WH has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company started coverage on Wyndham Hotels & Resorts in a report on Thursday, December 5th. They set an “equal weight” rating and a $103.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.00.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.