Northwestern Mutual Wealth Management Co. grew its holdings in Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 194.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,668 shares of the company’s stock after acquiring an additional 9,019 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Wyndham Hotels & Resorts were worth $1,151,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the business. Capital Research Global Investors grew its stake in shares of Wyndham Hotels & Resorts by 4.8% in the 4th quarter. Capital Research Global Investors now owns 8,205,818 shares of the company’s stock valued at $620,032,000 after purchasing an additional 375,892 shares during the last quarter. BlackRock Inc. purchased a new stake in Wyndham Hotels & Resorts during the second quarter worth about $623,573,000. T. Rowe Price Investment Management Inc. grew its position in Wyndham Hotels & Resorts by 12.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,188,239 shares of the company’s stock worth $392,024,000 after buying an additional 583,967 shares during the period. Norges Bank acquired a new position in Wyndham Hotels & Resorts during the fourth quarter worth about $219,462,000. Finally, Morgan Stanley increased its holdings in Wyndham Hotels & Resorts by 49.0% in the fourth quarter. Morgan Stanley now owns 2,872,466 shares of the company’s stock valued at $217,044,000 after buying an additional 944,562 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Stock Up 1.2%
WH opened at $71.83 on Friday. The firm has a market cap of $5.33 billion, a P/E ratio of 26.41, a PEG ratio of 1.86 and a beta of 0.62. The business’s fifty day simple moving average is $76.24 and its 200 day simple moving average is $79.73. Wyndham Hotels & Resorts has a 52 week low of $69.21 and a 52 week high of $90.35. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 5.53.
Wyndham Hotels & Resorts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 63.24%.
Insider Buying and Selling
In other Wyndham Hotels & Resorts news, CEO Geoffrey Ballotti sold 19,414 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $72.71, for a total value of $1,411,591.94. Following the completion of the transaction, the chief executive officer directly owned 549,323 shares in the company, valued at approximately $39,941,275.33. The trade was a 3.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.33% of the company’s stock.
Analyst Ratings Changes
WH has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, July 8th. Susquehanna dropped their price objective on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Barclays reduced their price objective on Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, July 20th. Morgan Stanley dropped their price target on Wyndham Hotels & Resorts from $93.00 to $91.00 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $80.00 target price on shares of Wyndham Hotels & Resorts in a report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.91.
Read Our Latest Analysis on WH
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.
The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.
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