Hyatt Hotels Corporation $H Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in Hyatt Hotels Corporation (NYSE:H) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,433 shares of the company’s stock after selling 885 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.08% of Hyatt Hotels worth $10,953,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SCS Capital Management LLC acquired a new stake in shares of Hyatt Hotels in the first quarter valued at $407,000. Bridges Investment Management Inc. lifted its holdings in shares of Hyatt Hotels by 87.0% in the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company’s stock valued at $995,000 after buying an additional 3,778 shares during the period. ASR Vermogensbeheer N.V. acquired a new stake in shares of Hyatt Hotels in the first quarter valued at $1,155,000. Russell Investments Group Ltd. lifted its holdings in shares of Hyatt Hotels by 12.7% in the first quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company’s stock valued at $3,386,000 after buying an additional 3,117 shares during the period. Finally, Long Pond Capital LP acquired a new stake in shares of Hyatt Hotels in the first quarter valued at $191,922,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on H. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and increased their price target for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Morgan Stanley upgraded Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $147.00 to $168.00 in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Monday, July 14th. Robert W. Baird increased their price objective on Hyatt Hotels from $150.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Truist Financial increased their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.76.

Hyatt Hotels Stock Down 0.4%

H opened at $143.80 on Thursday. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The business has a 50-day moving average of $144.30 and a 200-day moving average of $137.26. 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 company has a market capitalization of $13.73 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 2.55 and a beta of 1.41.

Hyatt Hotels (NYSE:H) last posted 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. 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 during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business earned $1.53 EPS. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the transaction, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. This represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 23.70% of the company’s stock.

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.