TD Asset Management Inc Has $2.01 Million Stake in Wyndham Hotels & Resorts $WH

TD Asset Management Inc increased its position in shares of Wyndham Hotels & Resorts (NYSE:WH) by 15.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 24,784 shares of the company’s stock after purchasing an additional 3,352 shares during the period. TD Asset Management Inc’s holdings in Wyndham Hotels & Resorts were worth $2,013,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Generate Investment Management Ltd acquired a new position in Wyndham Hotels & Resorts during the first quarter worth $6,258,000. Bessemer Group Inc. increased its holdings in Wyndham Hotels & Resorts by 1.7% during the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company’s stock worth $122,786,000 after buying an additional 22,990 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Wyndham Hotels & Resorts during the first quarter worth $462,000. Avantax Advisory Services Inc. increased its holdings in Wyndham Hotels & Resorts by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company’s stock worth $454,000 after buying an additional 135 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Wyndham Hotels & Resorts during the first quarter worth $309,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Price Performance

NYSE:WH opened at $81.22 on Wednesday. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s fifty day moving average price is $83.65 and its two-hundred day moving average price is $84.13. Wyndham Hotels & Resorts has a one year low of $75.29 and a one year high of $113.07. The company has a market cap of $6.20 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.39 and a beta of 0.92.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The business had revenue of $397.00 million for the quarter, compared to the consensus estimate of $384.69 million. During the same period in the prior year, the company posted $1.13 earnings per share. Wyndham Hotels & Resorts’s revenue was up 8.2% compared to the same quarter last year. Equities analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.41 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.0%. Wyndham Hotels & Resorts’s dividend payout ratio is 38.32%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WH shares. Morgan Stanley restated an “overweight” rating and set a $105.00 target price on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Barclays decreased their price objective on shares of Wyndham Hotels & Resorts from $101.00 to $99.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Truist Financial upped their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a “buy” rating in a report on Friday, July 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a report on Wednesday, October 8th. Finally, Robert W. Baird upped their price objective on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $106.81.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.