Canada Pension Plan Investment Board Sells 297,529 Shares of H World Group Limited Sponsored ADR $HTHT

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in H World Group by 38.8%, now holding $17.39 million worth of shares after selling nearly 300,000 shares in the first quarter.
• H World Group announced a semi-annual dividend of $0.79 per share, with a record date on September 9th and a significant dividend yield of 480.0%.
• Analysts have issued mixed ratings on H World Group, with a consensus rating of "Moderate Buy" and an average price target of $40.80, following recent adjustments by firms such as JPMorgan.

Canada Pension Plan Investment Board lessened its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 38.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,971 shares of the company's stock after selling 297,529 shares during the period. Canada Pension Plan Investment Board owned approximately 0.15% of H World Group worth $17,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HTHT. Brooklyn Investment Group acquired a new stake in H World Group during the 1st quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of H World Group during the first quarter worth $51,000. Taikang Asset Management Hong Kong Co Ltd bought a new stake in H World Group in the 1st quarter valued at $189,000. Confluence Investment Management LLC acquired a new position in H World Group in the 1st quarter worth $209,000. Finally, Greenleaf Trust bought a new position in H World Group during the 1st quarter worth about $226,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, May 21st. Wall Street Zen raised H World Group from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Zacks Research upgraded H World Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $40.80.

H World Group Stock Performance

HTHT traded up $1.21 on Friday, reaching $37.60. The company had a trading volume of 1,928,483 shares, compared to its average volume of 2,305,338. The stock has a market cap of $11.54 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.80 and a beta of 0.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 0.81. H World Group Limited Sponsored ADR has a fifty-two week low of $28.27 and a fifty-two week high of $42.98. The company's fifty day moving average is $33.77 and its 200 day moving average is $34.93.

H World Group Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 9th will be paid a dividend of $0.79 per share. The ex-dividend date is Tuesday, September 9th. This represents a dividend yield of 480.0%. H World Group's dividend payout ratio (DPR) is 114.46%.

About H World Group

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.