Trust Co. of Vermont Buys 265 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Trust Co. of Vermont grew its stake in Choice Hotels International, Inc. (NYSE:CHH) by 34.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,045 shares of the company’s stock after purchasing an additional 265 shares during the quarter. Trust Co. of Vermont’s holdings in Choice Hotels International were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CHH. Sanctuary Advisors LLC raised its position in shares of Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after purchasing an additional 4,219 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after purchasing an additional 3,446 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Choice Hotels International in the third quarter worth about $19,545,000. JPMorgan Chase & Co. lifted its stake in shares of Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after buying an additional 111,903 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Choice Hotels International by 256.3% during the third quarter. BNP Paribas Financial Markets now owns 27,719 shares of the company’s stock valued at $3,612,000 after buying an additional 19,939 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Patrick Pacious sold 7,192 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.02% of the stock is currently owned by insiders.

Choice Hotels International Trading Down 0.5 %

CHH opened at $141.82 on Monday. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $153.81. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 2.12 and a beta of 1.24. The company’s 50 day moving average is $144.67 and its 200 day moving average is $134.49.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the previous year, the firm posted $1.82 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts predict that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.81%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Wall Street Analysts Forecast Growth

CHH has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Susquehanna boosted their price target on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Truist Financial increased their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Wells Fargo & Company started coverage on Choice Hotels International in a research report on Thursday, December 5th. They issued an “underweight” rating and a $133.00 target price for the company. Finally, Robert W. Baird raised their price target on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $133.27.

Choice Hotels International Company 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.