Truist Financial Corp Has $378,000 Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Truist Financial Corp reduced its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WHGet Rating) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,161 shares of the company’s stock after selling 321 shares during the period. Truist Financial Corp’s holdings in Wyndham Hotels & Resorts were worth $378,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CWM LLC grew its stake in Wyndham Hotels & Resorts by 1,217.2% in the 2nd quarter. CWM LLC now owns 382 shares of the company’s stock valued at $25,000 after buying an additional 353 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Wyndham Hotels & Resorts during the second quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth approximately $46,000. Wipfli Financial Advisors LLC bought a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at $71,000. Finally, Quadrant Capital Group LLC grew its holdings in Wyndham Hotels & Resorts by 41.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,383 shares of the company’s stock valued at $91,000 after buying an additional 403 shares in the last quarter. 91.13% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Scott R. Strickland sold 1,575 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $74.07, for a total transaction of $116,660.25. Following the completion of the transaction, the insider now directly owns 12,127 shares in the company, valued at approximately $898,246.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Michele Allen sold 14,940 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $71.34, for a total transaction of $1,065,819.60. Following the sale, the chief financial officer now directly owns 65,452 shares of the company’s stock, valued at $4,669,345.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott R. Strickland sold 1,575 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $74.07, for a total value of $116,660.25. Following the completion of the transaction, the insider now directly owns 12,127 shares of the company’s stock, valued at approximately $898,246.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,652 shares of company stock worth $2,078,910. Corporate insiders own 1.91% of the company’s stock.

Wyndham Hotels & Resorts Stock Down 0.1 %

Shares of WH opened at $76.28 on Wednesday. The firm has a 50 day simple moving average of $71.95 and a two-hundred day simple moving average of $69.37. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 1.60. Wyndham Hotels & Resorts, Inc. has a one year low of $58.81 and a one year high of $93.86. The company has a market cap of $6.74 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.35 and a beta of 1.42.

Wyndham Hotels & Resorts (NYSE:WHGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $379.15 million. Wyndham Hotels & Resorts had a return on equity of 32.64% and a net margin of 22.30%. Research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 3.87 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 14th were issued a $0.32 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.68%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 33.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, December 5th. They issued an “overweight” rating and a $87.00 target price for the company. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Redburn Partners initiated coverage on Wyndham Hotels & Resorts in a research report on Wednesday, November 30th. They set a “neutral” rating on the stock. TheStreet raised Wyndham Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, November 16th. Finally, Barclays reduced their target price on Wyndham Hotels & Resorts from $88.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and an average target price of $86.38.

Wyndham Hotels & Resorts Company Profile

(Get Rating)

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.

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

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