Federated Hermes Inc. Cuts Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Federated Hermes Inc. lowered its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 22.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,579 shares of the company’s stock after selling 2,430 shares during the period. Federated Hermes Inc.’s holdings in Wyndham Hotels & Resorts were worth $635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WH. GAMMA Investing LLC raised its stake in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after buying an additional 207 shares during the period. Blue Trust Inc. raised its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after buying an additional 635 shares during the period. TFO Wealth Partners LLC raised its stake in shares of Wyndham Hotels & Resorts by 41,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after buying an additional 822 shares during the period. Family Firm Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at $67,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at $70,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays boosted their target price on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Truist Financial decreased their price objective on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective on the stock. Susquehanna started coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.25.

Insider Transactions at Wyndham Hotels & Resorts

In other news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the transaction, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. The disclosure for this sale can be found here. In the last three months, insiders sold 12,640 shares of company stock worth $974,351. 2.79% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $79.40 on Monday. Wyndham Hotels & Resorts, Inc. has a 52 week low of $65.63 and a 52 week high of $81.73. The business has a 50-day simple moving average of $76.10 and a 200 day simple moving average of $74.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.70 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The business had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. On average, research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

About Wyndham Hotels & Resorts

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.