Baird Financial Group Inc. Boosts Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Baird Financial Group Inc. increased its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WHGet Rating) by 22.2% during the second quarter, Holdings Channel reports. The firm owned 3,303 shares of the company’s stock after acquiring an additional 601 shares during the quarter. Baird Financial Group Inc.’s holdings in Wyndham Hotels & Resorts were worth $217,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Prospera Financial Services Inc purchased a new position in Wyndham Hotels & Resorts in the 1st quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in Wyndham Hotels & Resorts in the 1st quarter worth approximately $27,000. CWM LLC raised its holdings in shares of Wyndham Hotels & Resorts by 1,217.2% during the 2nd quarter. CWM LLC now owns 382 shares of the company’s stock worth $25,000 after acquiring an additional 353 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Wyndham Hotels & Resorts by 51.0% during the 1st quarter. Quent Capital LLC now owns 509 shares of the company’s stock worth $43,000 after acquiring an additional 172 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Wyndham Hotels & Resorts by 228.3% during the 1st quarter. Huntington National Bank now owns 719 shares of the company’s stock worth $61,000 after acquiring an additional 500 shares in the last quarter. 90.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on WH. StockNews.com began coverage on Wyndham Hotels & Resorts in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays upped their price objective on Wyndham Hotels & Resorts to $80.00 in a report on Thursday, October 27th. Robert W. Baird decreased their price objective on Wyndham Hotels & Resorts from $96.00 to $88.00 in a report on Friday, July 29th. Finally, TheStreet raised Wyndham Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $84.50.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $72.74 on Thursday. The company has a market cap of $6.42 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.41 and a beta of 1.47. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.60 and a current ratio of 1.60. The business’s 50 day moving average price is $68.52 and its 200-day moving average price is $69.77. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $58.81 and a fifty-two week high of $93.86.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 33.77%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CMO Lisa Checchio sold 4,000 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $72.80, for a total value of $291,200.00. Following the transaction, the chief marketing officer now owns 13,120 shares of the company’s stock, valued at approximately $955,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 1,575 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $74.07, for a total value of $116,660.25. Following the transaction, the insider now owns 12,127 shares of the company’s stock, valued at approximately $898,246.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Lisa Checchio sold 4,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $72.80, for a total value of $291,200.00. Following the completion of the transaction, the chief marketing officer now directly owns 13,120 shares in the company, valued at approximately $955,136. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Company Profile

(Get Rating)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.

Further Reading

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

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