MassMutual Private Wealth & Trust FSB Acquires 111 Shares of Hyatt Hotels Corporation $H

MassMutual Private Wealth & Trust FSB grew its holdings in Hyatt Hotels Corporation (NYSE:H) by 86.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 239 shares of the company’s stock after purchasing an additional 111 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Hyatt Hotels were worth $33,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its stake in shares of Hyatt Hotels by 5.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company’s stock valued at $256,000 after purchasing an additional 110 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in Hyatt Hotels by 0.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 12,969 shares of the company’s stock worth $1,587,000 after buying an additional 121 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Hyatt Hotels by 3.5% in the 1st quarter. Advisors Asset Management Inc. now owns 4,523 shares of the company’s stock valued at $554,000 after purchasing an additional 154 shares during the period. Bernard Wealth Management Corp. acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. Finally, State of Michigan Retirement System raised its stake in Hyatt Hotels by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 10,200 shares of the company’s stock worth $1,250,000 after buying an additional 200 shares during the period. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Up 0.2%

Shares of NYSE:H opened at $142.98 on Monday. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a market cap of $13.65 billion, a PE ratio of 33.96, a P/E/G ratio of 2.25 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50-day moving average is $143.14 and its 200 day moving average is $132.43.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $1.53 EPS. Sell-side analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Hyatt Hotels’s payout ratio is presently 14.25%.

Insiders Place Their Bets

In other news, insider David Udell sold 4,051 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total value of $587,395.00. Following the sale, the insider directly owned 16,756 shares of the company’s stock, valued at $2,429,620. The trade was a 19.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 23.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and upped their price target for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th. Wall Street Zen lowered Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Robert W. Baird increased their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Truist Financial increased their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Finally, Barclays lowered their price objective on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $152.68.

About Hyatt Hotels

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.