Bank Pictet & Cie Europe AG Takes $201,000 Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Bank Pictet & Cie Europe AG bought a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,999 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also recently made changes to their positions in WH. Trust Co. of Vermont raised its position in shares of Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter valued at about $30,000. Nomura Asset Management Co. Ltd. raised its position in shares of Wyndham Hotels & Resorts by 86.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after buying an additional 190 shares in the last quarter. First Horizon Advisors Inc. raised its position in Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after purchasing an additional 203 shares during the period. 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 worth $40,000 after purchasing an additional 168 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Price Performance

NYSE WH opened at $109.47 on Friday. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50 day moving average price is $103.29 and its 200-day moving average price is $90.60. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $110.94. The company has a market cap of $8.52 billion, a PE ratio of 34.75, a P/E/G ratio of 2.14 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

WH has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Oppenheimer increased their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird increased their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, 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 report on Friday, October 25th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.