Brown Brothers Harriman & Co. Has $54.79 Million Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Brown Brothers Harriman & Co. raised its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 14.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 543,622 shares of the company’s stock after buying an additional 67,066 shares during the quarter. Brown Brothers Harriman & Co. owned 0.70% of Wyndham Hotels & Resorts worth $54,792,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WH. Intech Investment Management LLC increased its position in Wyndham Hotels & Resorts by 87.2% during the third quarter. Intech Investment Management LLC now owns 5,901 shares of the company’s stock worth $461,000 after acquiring an additional 2,749 shares during the period. Charles Schwab Investment Management Inc. grew its position in Wyndham Hotels & Resorts by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company’s stock worth $56,423,000 after purchasing an additional 7,241 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Wyndham Hotels & Resorts during the 3rd quarter worth about $273,000. The Manufacturers Life Insurance Company raised its position in shares of Wyndham Hotels & Resorts by 15.0% during the third quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company’s stock valued at $5,027,000 after buying an additional 8,389 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Wyndham Hotels & Resorts during the third quarter worth about $428,000. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on WH shares. Susquehanna upped their price target on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Wells Fargo & Company upped their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Morgan Stanley raised their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $116.08.

Wyndham Hotels & Resorts Trading Down 2.8 %

Shares of WH stock opened at $89.62 on Friday. The company has a market capitalization of $6.97 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $113.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm has a 50-day moving average price of $101.89 and a 200 day moving average price of $95.34.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results 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 20.51% and a return on equity of 54.86%. Research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.83%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 45.18%.

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.