Vestcor Inc Acquires New Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Vestcor Inc bought a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,400 shares of the company’s stock, valued at approximately $343,000.

Several other hedge funds have also modified their holdings of the business. Assetmark Inc. purchased a new stake in Wyndham Hotels & Resorts during the third quarter worth about $30,000. Empowered Funds LLC grew its holdings in shares of Wyndham Hotels & Resorts by 44.3% in the 3rd quarter. Empowered Funds LLC now owns 7,677 shares of the company’s stock worth $600,000 after acquiring an additional 2,355 shares during the period. Natixis Advisors LLC raised its holdings in Wyndham Hotels & Resorts by 37.7% during the third quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock worth $2,699,000 after purchasing an additional 9,463 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Wyndham Hotels & Resorts by 221.3% during the third quarter. Mutual of America Capital Management LLC now owns 148,250 shares of the company’s stock worth $11,584,000 after purchasing an additional 102,115 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on WH shares. Truist Financial raised their target price on shares of Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Morgan Stanley upped their target price on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.45.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $92.00 on Tuesday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07. The firm has a 50 day moving average price of $103.65 and a 200 day moving average price of $94.74.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.41 dividend. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, March 17th. Wyndham Hotels & Resorts’s payout ratio is currently 45.18%.

About Wyndham Hotels & Resorts

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.