Raymond James & Associates Decreases Stake in Hyatt Hotels Co. (NYSE:H)

Raymond James & Associates lowered its position in Hyatt Hotels Co. (NYSE:H) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,143 shares of the company’s stock after selling 2,581 shares during the quarter. Raymond James & Associates’ holdings in Hyatt Hotels were worth $2,496,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Hyatt Hotels by 59.4% during the 1st quarter. Bank of New York Mellon Corp now owns 256,384 shares of the company’s stock worth $24,472,000 after buying an additional 95,574 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Hyatt Hotels by 31.4% during the 1st quarter. American Century Companies Inc. now owns 3,991 shares of the company’s stock worth $381,000 after buying an additional 953 shares during the last quarter. Citigroup Inc. lifted its position in shares of Hyatt Hotels by 13.2% during the 1st quarter. Citigroup Inc. now owns 18,865 shares of the company’s stock worth $1,801,000 after buying an additional 2,194 shares during the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Hyatt Hotels during the 1st quarter worth approximately $1,214,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Hyatt Hotels during the 1st quarter worth approximately $94,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on H. Wells Fargo & Company lifted their target price on shares of Hyatt Hotels from $138.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Truist Financial lifted their target price on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Jefferies Financial Group lifted their target price on shares of Hyatt Hotels from $104.00 to $127.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. lifted their target price on shares of Hyatt Hotels from $162.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Morgan Stanley cut shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $149.00 to $156.00 in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $140.53.

Hyatt Hotels Stock Performance

NYSE:H opened at $151.97 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The stock has a market cap of $15.37 billion, a PE ratio of 74.50, a price-to-earnings-growth ratio of 21.79 and a beta of 1.49. The firm’s fifty day simple moving average is $149.87 and its 200-day simple moving average is $129.28.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the company posted $2.55 EPS. Analysts expect that Hyatt Hotels Co. will post 3.24 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 29.41%.

Insider Buying and Selling

In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Joan Bottarini sold 4,250 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.72, for a total value of $547,060.00. Following the sale, the insider now directly owns 11,301 shares in the company, valued at approximately $1,454,664.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total transaction of $200,096,680.00. The disclosure for this sale can be found here. Insiders have sold 2,077,803 shares of company stock worth $325,526,849 in the last three months. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.