Wyndham Hotels & Resorts $WH Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of 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 (SEC). The firm owned 1,657,402 shares of the company’s stock after purchasing an additional 140,978 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Wyndham Hotels & Resorts were worth $132,427,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WH. Capricorn Fund Managers Ltd purchased a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at approximately $1,130,000. Compass Wealth Management LLC acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at $18,137,000. Savoir Faire Capital Management L.P. increased its holdings in Wyndham Hotels & Resorts by 89.9% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 69,885 shares of the company’s stock worth $5,584,000 after acquiring an additional 33,081 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Wyndham Hotels & Resorts by 11.8% during the third quarter. Mutual of America Capital Management LLC now owns 187,871 shares of the company’s stock worth $15,011,000 after acquiring an additional 19,762 shares during the period. Finally, Modera Wealth Management LLC acquired a new position in Wyndham Hotels & Resorts during the second quarter worth $347,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on WH shares. Zacks Research raised shares of Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $76.00 price objective (down from $88.00) on shares of Wyndham Hotels & Resorts in a research note on Monday, December 15th. Wells Fargo & Company started coverage on Wyndham Hotels & Resorts in a report on Tuesday, November 18th. They set an “equal weight” rating and a $82.00 target price for the company. Robert W. Baird lowered their price target on Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Finally, Susquehanna reduced their price objective on Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.58.

Insider Activity

In related news, insider Scott R. Strickland sold 28,134 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $71.11, for a total value of $2,000,608.74. Following the transaction, the insider directly owned 40,363 shares in the company, valued at approximately $2,870,212.93. This represents a 41.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Paul F. Cash sold 36,379 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $71.66, for a total value of $2,606,919.14. Following the completion of the transaction, the general counsel owned 39,123 shares of the company’s stock, valued at $2,803,554.18. The trade was a 48.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 120,606 shares of company stock valued at $9,047,218. 2.46% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Trading Down 0.2%

Shares of WH opened at $72.69 on Friday. Wyndham Hotels & Resorts has a 12-month low of $69.21 and a 12-month high of $113.07. The firm has a market capitalization of $5.49 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.92 and a beta of 0.76. The firm has a 50-day moving average price of $76.36 and a 200 day moving average price of $79.84. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.43.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a dividend of $0.41 per share. The ex-dividend date was Monday, December 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 37.70%.

Wyndham Hotels & Resorts 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.