Thrivent Financial for Lutherans Boosts Stake in Wyndham Hotels & Resorts $WH

Thrivent Financial for Lutherans grew its stake in Wyndham Hotels & Resorts (NYSE:WH) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,657,402 shares of the company’s stock after acquiring an additional 140,978 shares during the quarter. Thrivent Financial for Lutherans owned about 2.19% of Wyndham Hotels & Resorts worth $132,427,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WH. EverSource Wealth Advisors LLC grew its stake in Wyndham Hotels & Resorts by 73.5% in the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 133 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 5,950.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock valued at $29,000 after buying an additional 357 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Wyndham Hotels & Resorts by 49.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after buying an additional 124 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Wyndham Hotels & Resorts by 88.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528 shares of the company’s stock worth $43,000 after acquiring an additional 248 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter worth approximately $52,000. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Wyndham Hotels & Resorts from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $76.00 target price (down from $88.00) on shares of Wyndham Hotels & Resorts in a research report on Monday, December 15th. Truist Financial set a $98.00 price target on Wyndham Hotels & Resorts in a research note on Friday, October 24th. Wall Street Zen upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, December 7th. Finally, Susquehanna cut their price objective on shares of Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.58.

Insider Activity

In other news, General Counsel Paul F. Cash sold 36,379 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $71.66, for a total value of $2,606,919.14. Following the sale, the general counsel owned 39,123 shares in the company, valued at $2,803,554.18. This represents a 48.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott R. Strickland sold 28,134 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $71.11, for a total transaction of $2,000,608.74. Following the transaction, the insider directly owned 40,363 shares of the company’s stock, valued at approximately $2,870,212.93. This trade represents a 41.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,606 shares of company stock valued at $9,047,218 in the last ninety days. Insiders own 2.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Down 0.2%

Shares of WH stock opened at $72.69 on Friday. Wyndham Hotels & Resorts has a fifty-two week low of $69.21 and a fifty-two week high of $113.07. The firm has a market capitalization of $5.49 billion, a PE ratio of 16.71, a P/E/G ratio of 1.92 and a beta of 0.76. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s 50-day simple moving average is $76.36 and its 200-day simple moving average is $79.84.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, December 15th. Wyndham Hotels & Resorts’s payout ratio is presently 37.70%.

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.