Hyatt Hotels Co. (NYSE:H) Stock Holdings Lowered by Swiss National Bank

Swiss National Bank reduced its holdings in Hyatt Hotels Co. (NYSE:H) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,600 shares of the company’s stock after selling 6,900 shares during the quarter. Swiss National Bank’s holdings in Hyatt Hotels were worth $18,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $1,472,000. Whittier Trust Co. raised its holdings in shares of Hyatt Hotels by 2.6% during the fourth quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock valued at $6,496,000 after acquiring an additional 1,260 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hyatt Hotels by 0.5% during the third quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock valued at $239,367,000 after acquiring an additional 11,041 shares during the period. State of Michigan Retirement System acquired a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $1,382,000. Finally, Gulf International Bank UK Ltd raised its holdings in shares of Hyatt Hotels by 8,771.9% during the fourth quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock valued at $659,000 after acquiring an additional 5,000 shares during the period. 71.02% of the stock is currently owned by institutional investors.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 75,457 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total value of $11,957,670.79. Following the completion of the transaction, the insider now owns 459,000 shares of the company’s stock, valued at $72,737,730. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the transaction, the insider now directly owns 459,000 shares in the company, valued at $72,737,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Margaret C. Egan sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the sale, the insider now directly owns 20,546 shares in the company, valued at $3,241,747.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,084,248 shares of company stock valued at $326,572,489. 23.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Morgan Stanley downgraded shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $149.00 to $156.00 in a research report on Monday, March 11th. Robert W. Baird boosted their price objective on shares of Hyatt Hotels from $116.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Redburn Atlantic downgraded shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $120.00 to $130.00 in a research report on Tuesday, January 16th. Wells Fargo & Company boosted their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Finally, Truist Financial boosted their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and a consensus price target of $143.19.

Hyatt Hotels Trading Up 3.0 %

Shares of H stock opened at $152.23 on Friday. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 74.62, a P/E/G ratio of 21.47 and a beta of 1.49. The firm has a fifty day moving average of $154.44 and a 200-day moving average of $134.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $161.50.

Hyatt Hotels (NYSE:H) last announced its earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company posted $2.55 EPS. On average, equities research analysts forecast that Hyatt Hotels Co. will post 3.24 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is presently 29.41%.

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.