Wyndham Hotels & Resorts, Inc. (NYSE:WH) CEO Sells $14,399,027.44 in Stock

Wyndham Hotels & Resorts, Inc. (NYSE:WH) CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the sale, the chief executive officer now owns 377,712 shares in the company, valued at approximately $27,708,952.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $73.21 on Friday. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The stock’s 50-day moving average is $74.80 and its two-hundred day moving average is $76.88. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $5.90 billion, a P/E ratio of 25.96, a PEG ratio of 2.57 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.25 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.08%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WH shares. Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Barclays increased their price target on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a report on Saturday, April 27th. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $88.17.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several institutional investors have recently bought and sold shares of WH. Easterly Investment Partners LLC acquired a new position in Wyndham Hotels & Resorts during the first quarter valued at approximately $17,266,000. GSA Capital Partners LLP bought a new stake in shares of Wyndham Hotels & Resorts during the 1st quarter worth $2,038,000. FORA Capital LLC bought a new stake in shares of Wyndham Hotels & Resorts during the 1st quarter worth $890,000. Janney Capital Management LLC grew its stake in Wyndham Hotels & Resorts by 11.1% in the 1st quarter. Janney Capital Management LLC now owns 5,431 shares of the company’s stock valued at $417,000 after buying an additional 544 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Wyndham Hotels & Resorts by 40.1% in the 1st quarter. Retirement Systems of Alabama now owns 231,671 shares of the company’s stock worth $17,781,000 after acquiring an additional 66,266 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.