PineStone Asset Management Inc. Has $24.04 Million Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

PineStone Asset Management Inc. reduced its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 238,525 shares of the company’s stock after selling 9,575 shares during the period. PineStone Asset Management Inc. owned approximately 0.31% of Wyndham Hotels & Resorts worth $24,041,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Trust Co. of Vermont raised its holdings in shares of Wyndham Hotels & Resorts by 434.8% during the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Assetmark Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at about $30,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after buying an additional 203 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Wyndham Hotels & Resorts by 72.7% in the 4th quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after buying an additional 168 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Up 2.0 %

WH stock opened at $109.47 on Friday. The business’s 50 day simple moving average is $103.29 and its 200 day simple moving average is $90.51. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $110.94. The firm has a market capitalization of $8.52 billion, a PE ratio of 34.75, a PEG ratio of 2.14 and a beta of 1.29. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. As a group, research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.39%. Wyndham Hotels & Resorts’s payout ratio is currently 48.25%.

Analysts Set New Price Targets

WH has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial increased their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group increased their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.30.

Wyndham Hotels & Resorts Company Profile

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.