Capital Wealth Planning LLC Purchases 13,487 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Capital Wealth Planning LLC boosted its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 125.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,257 shares of the company’s stock after purchasing an additional 13,487 shares during the period. Capital Wealth Planning LLC’s holdings in InterContinental Hotels Group were worth $2,570,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IHG. CIBC Private Wealth Group LLC increased its holdings in InterContinental Hotels Group by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 632,644 shares of the company’s stock worth $57,546,000 after purchasing an additional 185,045 shares in the last quarter. Scotia Capital Inc. grew its holdings in shares of InterContinental Hotels Group by 259.2% in the 4th quarter. Scotia Capital Inc. now owns 36,567 shares of the company’s stock valued at $3,334,000 after acquiring an additional 26,386 shares in the last quarter. Trexquant Investment LP bought a new position in shares of InterContinental Hotels Group in the 4th quarter valued at about $2,206,000. BNP Paribas Financial Markets grew its holdings in shares of InterContinental Hotels Group by 130.0% in the 1st quarter. BNP Paribas Financial Markets now owns 36,288 shares of the company’s stock valued at $3,834,000 after acquiring an additional 20,511 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of InterContinental Hotels Group by 2.8% in the 2nd quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock valued at $77,984,000 after acquiring an additional 20,280 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

Shares of NYSE IHG opened at $103.72 on Monday. The business has a 50-day moving average of $100.74 and a 200-day moving average of $101.94. InterContinental Hotels Group PLC has a fifty-two week low of $70.06 and a fifty-two week high of $112.08.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, August 30th will be issued a dividend of $0.532 per share. The ex-dividend date is Friday, August 30th. This represents a yield of 1.6%. This is a boost from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.