Mitsubishi UFJ Trust & Banking Corp Cuts Stock Holdings in H World Group Limited Sponsored ADR $HTHT

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in H World Group (NASDAQ:HTHT) by 4.9% in Q4, selling 393,492 shares to hold 7,633,239 shares worth $359,144,000 (about 2.48% of the company and roughly 0.9% of MUFJ's portfolio).
• H World declared a $1.30 dividend payable on May 20 to holders of record on May 4, an announcement the article cites as implying a very high 518.0% yield and a 70.22% payout ratio.
• Wall Street sentiment is broadly positive: the stock has an average rating of "Buy" with a consensus target price of $54.80 after recent upgrades from UBS, Benchmark and others.

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,633,239 shares of the company's stock after selling 393,492 shares during the period. H World Group accounts for about 0.9% of Mitsubishi UFJ Trust & Banking Corp's portfolio, making the stock its 15th largest position. Mitsubishi UFJ Trust & Banking Corp owned 2.48% of H World Group worth $359,144,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HTHT. EverSource Wealth Advisors LLC grew its position in shares of H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company's stock worth $49,000 after buying an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of H World Group in the 3rd quarter worth approximately $66,000. Osaic Holdings Inc. grew its position in shares of H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company's stock worth $77,000 after buying an additional 2,037 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of H World Group by 1,307.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the company's stock worth $92,000 after buying an additional 2,523 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of H World Group by 1,712.7% in the 4th quarter. Assetmark Inc. now owns 3,009 shares of the company's stock worth $142,000 after buying an additional 2,843 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Performance

HTHT opened at $49.86 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a fifty day moving average price of $52.35 and a 200 day moving average price of $48.26. H World Group Limited Sponsored ADR has a 1 year low of $30.41 and a 1 year high of $56.63. The stock has a market cap of $15.35 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.09 and a beta of 0.17.

H World Group (NASDAQ:HTHT - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. H World Group had a net margin of 20.05% and a return on equity of 37.79%. The firm had revenue of $932.62 million during the quarter. Equities research analysts anticipate that H World Group Limited Sponsored ADR will post 2.49 earnings per share for the current year.

H World Group Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be paid a $1.30 dividend. This represents a dividend yield of 518.0%. The ex-dividend date is Monday, May 4th. H World Group's payout ratio is currently 70.22%.

Insider Activity

In related news, Director Theng Fong Hee sold 31,640 shares of the business's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $50.96, for a total value of $1,612,374.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 49.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on HTHT. Weiss Ratings reiterated a "buy (b-)" rating on shares of H World Group in a research note on Friday, March 27th. UBS Group upgraded shares of H World Group from a "neutral" rating to a "buy" rating and set a $62.40 target price for the company in a research note on Monday, March 9th. Benchmark lifted their target price on shares of H World Group from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Wall Street Zen upgraded shares of H World Group from a "hold" rating to a "buy" rating in a research note on Monday, March 23rd. Finally, Zacks Research upgraded shares of H World Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $54.80.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.

Want to see what other hedge funds are holding HTHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.