TD Private Client Wealth LLC Cuts Stake in Choice Hotels International, Inc. (NYSE:CHH)

TD Private Client Wealth LLC reduced its stake in Choice Hotels International, Inc. (NYSE:CHH) by 7.0% during the fourth quarter, HoldingsChannel reports. The fund owned 13,845 shares of the company’s stock after selling 1,044 shares during the period. TD Private Client Wealth LLC’s holdings in Choice Hotels International were worth $1,966,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Boston Trust Walden Corp boosted its position in shares of Choice Hotels International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock valued at $134,822,000 after buying an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Choice Hotels International by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after buying an additional 111,903 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Choice Hotels International during the fourth quarter valued at $48,201,000. Charles Schwab Investment Management Inc. boosted its position in shares of Choice Hotels International by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company’s stock valued at $39,634,000 after buying an additional 2,725 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of Choice Hotels International during the third quarter valued at $19,545,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CHH shares. Wells Fargo & Company lowered their target price on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. increased their target price on Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Morgan Stanley increased their target price on Choice Hotels International from $131.00 to $139.00 and gave the company an “underweight” rating in a report on Tuesday, March 4th. StockNews.com downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Truist Financial increased their target price on Choice Hotels International from $136.00 to $144.00 and gave the company a “hold” rating in a report on Friday. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $141.33.

Insider Buying and Selling

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

Choice Hotels International Stock Down 0.3 %

CHH stock opened at $129.65 on Friday. Choice Hotels International, Inc. has a twelve month low of $109.22 and a twelve month high of $157.86. The stock has a market cap of $6.06 billion, a P/E ratio of 20.81, a PEG ratio of 1.90 and a beta of 1.25. The business’s 50-day moving average price is $143.92 and its 200-day moving average price is $140.48.

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

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.89%. Choice Hotels International’s dividend payout ratio is presently 18.46%.

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.