Brown Brothers Harriman & Co., a prominent investment management firm, has significantly increased its holdings in Wyndham Hotels & Resorts, Inc. during the first quarter of this year, as reported in its most recent Form 13F filing with the Securities & Exchange Commission. According to the filing, the firm now owns 45,101 shares of Wyndham Hotels & Resorts, representing a staggering increase of 637.4%. The additional shares were acquired through purchasing an impressive 38,985 shares during the first quarter.
As per the filing data, Brown Brothers Harriman & Co.’s stake in Wyndham Hotels & Resorts is currently valued at approximately $3.06 million. This accounts for about 0.05% of the total worth of the company’s outstanding stock. The recent surge in holdings showcases Brown Brothers Harriman & Co.’s confidence and optimism in Wyndham Hotels & Resorts.
In addition to this notable development with Brown Brothers Harriman & Co.’s investment in Wyndham Hotels & Resorts, it is also important to note that the hotel chain recently announced its quarterly dividend payout. Shareholders who are on record as of Wednesday, September 13th will receive a dividend of $0.35 per share on Wednesday, September 27th.
This dividend equates to an annualized payout of $1.40 per share and translates into a yield of approximately 1.90%. It is significant to mention that shareholders who purchase Wyndham Hotels & Resorts’ stock after Tuesday, September 12th will not be eligible for the upcoming dividend payment.
Wyndham Hotels & Resorts has been consistently focused on providing value to its shareholders through regular dividends and strategic investments. These initiatives are aimed at attracting long-term investors and cultivating trust in the company’s financial performance.
The steady payout ratio of approximately 41.79% reflects Wyndham Hotels & Resorts’ commitment to balance its profitability and dividend distribution. By maintaining a disciplined approach to financial management, the company assures shareholders of its stable growth and commitment to generating returns.
In conclusion, Brown Brothers Harriman & Co.’s significant increase in holdings in Wyndham Hotels & Resorts, as well as the announcement of the upcoming dividend payment, portray positive developments for both the investment firm and the hotel chain. These actions not only indicate confidence in future prospects but also highlight the potential for long-term growth and value creation. As of now, investors anxiously await future updates from Wyndham Hotels & Resorts and their continued efforts towards maximizing shareholder wealth.
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Wyndham Hotels & Resorts: Institutional Holdings, Analyst Reports, and Financial Performance
Wyndham Hotels & Resorts (NYSE:WH) has recently seen changes in its holdings by various hedge funds and institutional investors. Boston Partners, for instance, increased its stake in the company by 15% during the first quarter, bringing its total ownership to 3,663,776 shares valued at $248,604,000. State Street Corp also increased its position in Wyndham Hotels & Resorts by 3.2%, owning 2,554,592 shares worth $216,348,000 after acquiring an additional 80,119 shares.
Another notable investor is FMR LLC which raised its position in Wyndham Hotels & Resorts by 7.1% during the first quarter. They now own 2,407,165 shares worth $163,326,000. Goldman Sachs Group Inc. lifted its position as well by acquiring an additional 77,125 shares during the same period. Lastly Invesco Ltd., boosted their stake by 12.8% and now own a total of 1,834,
481 shares.
These holdings signify that a substantial portion of Wyndham Hotels & Resorts’ stock is owned by institutional investors. As of current data gathered from Bloomberg.com, approximately 91.72% of the company’s stock falls under this category.
In terms of analyst reports on WH stock price performance and recommendations regarding investment decisions pertaining to it; there are several relevant ones available for review. For instance Truist Financial reduced their price objective for Wyndham Hotels & Resorts from $96 to $95 while maintaining a “buy” rating on Thursday July 20th.
StockNews.com initiated coverage on Wyndham Hotels & Resorts on Thursday August 17th and issued a “hold” rating on the stock.
Meanwhile Stifel Nicolaus decreased their price target on Wyndham Hotels & Resorts from $87 to $81 in April’s research note.TheStreet upgraded Wyndham Hotels & Resorts from “c+” rating to “b” rating on Wednesday July 26th.
Morgan Stanley, however, was less optimistic about the company’s future share value and cut their price objective from $92 to $80 on Tuesday June 27th.
In summary, while two investment analysts have rated the stock as “hold”, five others have assigned it a “buy” rating. According to Bloomberg.com, the average rating for the company is labeled as “Moderate Buy” with a consensus price target of $85.57.
On Friday’s trading session, WH shares gained traction by increasing $0.04 to reach a price of $73.72. The stock recorded a trading volume of 103,621 shares compared to its average volume of 934,419.
Wyndham Hotels & Resorts has a current ratio and quick ratio of 1.00 each and a debt-to-equity ratio of 2.30. The company has a market capitalization of $6.21 billion with a price-to-earnings ratio of 22.00 and a price-to-earnings-growth ratio of 14.85.
The stock’s recent performance indicates that it has been trading within a range of $58.81 to $81.00 over the past twelve months.
Wyndham Hotels & Resorts announced its earnings results for the quarter ending July 26th this year. The company reported earnings per share (EPS) of $0.93 during this period, surpassing analysts’ consensus estimate by an additional cent ($0.
01).
The reported revenue for the quarter was $362 million compared to analyst estimates which predicted revenue totaling
$365.
81 million.
Return on equity for Wyndham Hotels & Resorts stood at an impressive 34.
12% during this period, while net margin reached
20.
76%. However, quarterly revenue plunged 6.
2% in comparison to the corresponding quarter of the previous year. In the same quarter, the company’s earnings per share stood at $1.07.
Sell-side analysts have predicted that Wyndham Hotels & Resorts, Inc. will report an EPS of $4 for the current fiscal year.
As we analyze Wyndham Hotels & Resorts’ position in terms of hedge fund and institutional investor holdings along with analyst reports regarding stock performance and recommendations, it’s imperative for investors to conduct their own meticulous evaluation and due diligence before making any investment decisions based on this available information.
