American International Group Inc. Sells 6,665 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

American International Group Inc. cut its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,098 shares of the company’s stock after selling 6,665 shares during the period. American International Group Inc. owned about 0.14% of Wyndham Hotels & Resorts worth $9,014,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Janney Capital Management LLC lifted its stake in Wyndham Hotels & Resorts by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 4,887 shares of the company’s stock valued at $393,000 after acquiring an additional 145 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 7,700 shares of the company’s stock worth $619,000 after purchasing an additional 146 shares during the period. Allworth Financial LP raised its stake in shares of Wyndham Hotels & Resorts by 62.6% during the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Wyndham Hotels & Resorts by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 36,914 shares of the company’s stock worth $2,567,000 after purchasing an additional 180 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Wyndham Hotels & Resorts by 24.1% during the 4th quarter. Signaturefd LLC now owns 1,052 shares of the company’s stock worth $85,000 after purchasing an additional 204 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of Wyndham Hotels & Resorts stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott R. Strickland sold 4,040 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $69.46, for a total value of $280,618.40. Following the transaction, the insider now directly owns 28,722 shares of the company’s stock, valued at approximately $1,995,030.12. The disclosure for this sale can be found here. Insiders sold 206,933 shares of company stock valued at $15,130,227 in the last quarter. 2.79% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Trading Up 0.5 %

Shares of WH opened at $72.39 on Wednesday. The business has a 50-day moving average of $71.53 and a 200 day moving average of $75.91. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $65.54 and a fifty-two week high of $81.73. The firm has a market cap of $5.83 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.52 and a beta of 1.33. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. As a group, research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.25 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is presently 53.90%.

Analysts Set New Price Targets

WH has been the topic of a number of recent analyst reports. Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. StockNews.com began coverage on Wyndham Hotels & Resorts in a research note on Friday, June 14th. They set a “hold” rating on the stock. Finally, Barclays lifted their price objective on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.17.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.