Hyatt Hotels Corporation $H Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in shares of Hyatt Hotels Corporation (NYSE:H) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,055 shares of the company’s stock after buying an additional 136 shares during the quarter. Vontobel Holding Ltd.’s holdings in Hyatt Hotels were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of H. KLP Kapitalforvaltning AS raised its holdings in Hyatt Hotels by 2.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,600 shares of the company’s stock worth $2,039,000 after purchasing an additional 300 shares during the period. QRG Capital Management Inc. increased its position in shares of Hyatt Hotels by 4.7% in the second quarter. QRG Capital Management Inc. now owns 21,646 shares of the company’s stock valued at $3,023,000 after buying an additional 979 shares in the last quarter. Invesco LLC purchased a new stake in shares of Hyatt Hotels in the second quarter valued at approximately $286,000. Fifth Third Bancorp increased its position in shares of Hyatt Hotels by 33.2% in the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after buying an additional 96 shares in the last quarter. Finally, Covea Finance grew its stake in Hyatt Hotels by 42.9% in the 2nd quarter. Covea Finance now owns 25,300 shares of the company’s stock valued at $3,533,000 after acquiring an additional 7,600 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were 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 approximately $2,429,620. The trade was a 19.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Down 0.6%

H stock opened at $146.86 on Thursday. The firm’s 50 day moving average price is $142.78 and its 200-day moving average price is $134.65. 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 market cap of $14.02 billion, a PE ratio of 34.88, a PEG ratio of 2.32 and a beta of 1.41. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same period in the prior year, the business posted $1.53 EPS. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were paid 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 payout ratio is 14.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their target price for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Finally, Raymond James Financial upgraded Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 price target for the company in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $152.68.

Hyatt Hotels Company 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.