Wyndham Hotels & Resorts, Inc. (NYSE:WH) has reported a recent transaction involving its Chief Financial Officer and Head of Strategy, Michele Allen. According to the latest filings, Allen sold shares in the company with a total value exceeding $86,000.
The transaction took place on May 30, 2024, and involved the sale of 1,274 shares of Wyndham Hotels & Resorts' common stock at an average price of $67.81 per share. This sale amounted to a total value of $86,389. The sold shares were part of a planned transaction, pursuant to a Rule 10b5-1 Trading Plan adopted on February 23, 2024, which is typically used by company insiders to sell shares over a predetermined period of time.
In addition to the sale, Michele Allen also exercised non-qualified stock options for 1,333 shares of the company's common stock. The options were exercised at a price of $61.40 per share, totaling $81,846. This transaction was also part of the same Rule 10b5-1 Trading Plan and was executed to cover option costs, tax obligations, commissions, and fees related to the option exercise.
Following these transactions, Allen's direct holdings in Wyndham Hotels & Resorts common stock have changed, but the specifics of the post-transaction ownership were not disclosed in the filing. It is important for investors to note that such transactions are common among corporate executives and are often scheduled in advance to comply with insider trading regulations.
Wyndham Hotels & Resorts, based in Parsippany, New Jersey, is a leading hotel and motel company with a significant presence in the real estate and construction sector. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol WH.
Investors and market watchers often pay close attention to insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects.
InvestingPro Insights
Wyndham Hotels & Resorts, Inc. (NYSE:WH) has shown a blend of financial strength and challenges, as revealed by recent metrics from InvestingPro. The company boasts a robust gross profit margin of 67.46% for the last twelve months as of Q1 2024, underscoring its efficiency in generating revenue relative to the cost of goods sold. This impressive margin is a testament to the company's ability to maintain profitability, which aligns with the InvestingPro Tip highlighting Wyndham's profitability over the last twelve months.
Despite a challenging market, Wyndham has managed to raise its dividend for three consecutive years, with a dividend growth of 8.57% over the last twelve months as of Q1 2024. This commitment to returning value to shareholders is further reflected in the current dividend yield of 2.15%. For investors seeking income-generating investments, this consistent dividend growth can be a compelling reason to consider Wyndham Hotels & Resorts.
However, the company's stock is trading near its 52-week low, with a price that is 86.14% of the 52-week high. This could suggest a potential opportunity for investors to acquire shares at a lower valuation, especially considering that analysts predict the company will be profitable this year. With 4 analysts having revised their earnings upwards for the upcoming period, there is optimism about Wyndham's financial performance.
For a deeper dive into Wyndham Hotels & Resorts' financials and to access additional InvestingPro Tips, consider investing in a subscription. There are numerous tips available on InvestingPro that could provide further insights into the company's outlook and performance. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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