US Bancorp DE Reduces Position in Choice Hotels International, Inc. (NYSE:CHH)

US Bancorp DE lessened its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,468 shares of the company’s stock after selling 181 shares during the period. US Bancorp DE’s holdings in Choice Hotels International were worth $777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC bought a new stake in shares of Choice Hotels International during the third quarter valued at approximately $55,000. Quarry LP bought a new stake in shares of Choice Hotels International during the third quarter valued at approximately $63,000. SG Americas Securities LLC bought a new stake in shares of Choice Hotels International during the fourth quarter valued at approximately $125,000. Maryland Capital Advisors Inc. bought a new stake in shares of Choice Hotels International during the fourth quarter valued at approximately $143,000. Finally, Trust Co. of Vermont raised its stake in shares of Choice Hotels International by 34.0% during the fourth quarter. Trust Co. of Vermont now owns 1,045 shares of the company’s stock valued at $148,000 after acquiring an additional 265 shares in the last quarter. Institutional investors own 65.57% of the company’s stock.

Insider Activity

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the sale, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Choice Hotels International Trading Down 0.4 %

Shares of CHH stock opened at $144.58 on Tuesday. The business’s fifty day simple moving average is $145.85 and its 200-day simple moving average is $140.34. The company has a market cap of $6.76 billion, a PE ratio of 23.21, a PEG ratio of 1.90 and a beta of 1.25. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. On average, equities analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.46%.

Analyst Ratings Changes

Several research firms have recently weighed in on CHH. Bank of America lifted their price target on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Truist Financial boosted their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Barclays boosted their price objective on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. Robert W. Baird boosted their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.67.

Choice Hotels International Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.