Comerica Bank Reduces Stake in Wyndham Hotels & Resorts Inc (NYSE:WH)

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Comerica Bank decreased its position in Wyndham Hotels & Resorts Inc (NYSE:WH) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,872 shares of the company’s stock after selling 2,709 shares during the quarter. Comerica Bank owned approximately 0.06% of Wyndham Hotels & Resorts worth $3,332,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WH. Investec Asset Management LTD boosted its stake in Wyndham Hotels & Resorts by 1.5% during the fourth quarter. Investec Asset Management LTD now owns 1,619,816 shares of the company’s stock worth $73,491,000 after buying an additional 24,568 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter worth $5,853,000. California State Teachers Retirement System boosted its stake in Wyndham Hotels & Resorts by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 157,792 shares of the company’s stock worth $7,159,000 after buying an additional 3,634 shares in the last quarter. Northern Capital Management LLC boosted its stake in Wyndham Hotels & Resorts by 7.0% during the fourth quarter. Northern Capital Management LLC now owns 62,765 shares of the company’s stock worth $2,848,000 after buying an additional 4,105 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter worth $9,518,000. 91.43% of the stock is currently owned by institutional investors.

In other news, insider Nicola Rossi sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $56.20, for a total value of $112,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michele Allen sold 4,475 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $56.12, for a total value of $251,137.00. The disclosure for this sale can be found here. Insiders have sold a total of 94,975 shares of company stock valued at $5,323,927 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on WH shares. Jefferies Financial Group set a $72.00 price objective on Wyndham Hotels & Resorts and gave the company a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Finally, Oppenheimer set a $69.00 target price on Wyndham Hotels & Resorts and gave the company a “buy” rating in a report on Thursday, February 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.50.

WH stock traded down $0.15 during trading on Tuesday, hitting $56.13. 403,762 shares of the company traded hands, compared to its average volume of 992,856. The stock has a market capitalization of $5.48 billion and a PE ratio of 20.71. Wyndham Hotels & Resorts Inc has a 1 year low of $43.03 and a 1 year high of $63.95. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.17 and a quick ratio of 1.17.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. The company had revenue of $468.00 million during the quarter, compared to analysts’ expectations of $448.71 million. Wyndham Hotels & Resorts had a return on equity of 18.80% and a net margin of 7.03%. Wyndham Hotels & Resorts’s quarterly revenue was up 55.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. Analysts anticipate that Wyndham Hotels & Resorts Inc will post 3.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, June 13th. Wyndham Hotels & Resorts’s payout ratio is 42.80%.

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About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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