Swedbank AB Raises Position in Hyatt Hotels Corporation $H

Swedbank AB raised its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,886 shares of the company’s stock after purchasing an additional 4,170 shares during the period. Swedbank AB’s holdings in Hyatt Hotels were worth $5,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its position in Hyatt Hotels by 5.5% during the first 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 period. MassMutual Private Wealth & Trust FSB raised its position in Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. Resona Asset Management Co. Ltd. raised its position in Hyatt Hotels by 0.9% during the first quarter. Resona Asset Management Co. Ltd. now owns 12,969 shares of the company’s stock valued at $1,587,000 after purchasing an additional 121 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Hyatt Hotels by 3.5% during the first quarter. Advisors Asset Management Inc. now owns 4,523 shares of the company’s stock valued at $554,000 after buying an additional 154 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels during the fourth quarter valued at approximately $26,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on H. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Truist Financial upped their target price on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Robert W. Baird upped their target price on Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.68.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the completion of the sale, the insider directly owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Up 0.2%

Hyatt Hotels stock opened at $142.98 on Monday. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a 50 day moving average price of $143.14 and a 200 day moving average price of $132.43. The company has a market capitalization of $13.65 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 2.25 and a beta of 1.43.

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

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Hyatt Hotels’s dividend payout ratio is presently 14.25%.

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.