Swedbank AB Sells 8,637 Shares of Hyatt Hotels Corporation $H

Swedbank AB lowered its position in Hyatt Hotels Corporation (NYSE:H) by 35.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,648 shares of the company’s stock after selling 8,637 shares during the period. Swedbank AB’s holdings in Hyatt Hotels were worth $2,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Bamco Inc. NY increased its position in shares of Hyatt Hotels by 2.7% during the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock worth $868,139,000 after acquiring an additional 161,461 shares during the period. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares during the period. Wellington Management Group LLP increased its position in shares of Hyatt Hotels by 7.2% during the third quarter. Wellington Management Group LLP now owns 3,159,562 shares of the company’s stock worth $448,437,000 after acquiring an additional 211,112 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Hyatt Hotels by 24.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after acquiring an additional 545,003 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Hyatt Hotels by 15.8% during the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock worth $201,814,000 after acquiring an additional 193,530 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

Shares of H stock opened at $167.43 on Monday. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of -478.38 and a beta of 1.33. The company’s 50 day moving average is $155.40 and its 200 day moving average is $157.90. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 52-week low of $124.82 and a 52-week high of $180.53.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company posted $0.46 earnings per share. On average, sell-side analysts anticipate that Hyatt Hotels Corporation will post 3.4 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s payout ratio is currently -171.43%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction on Friday, April 17th. The shares were sold at an average price of $167.75, for a total value of $35,803,553.50. Following the transaction, the insider directly owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kinsey Wolf sold 400 shares of Hyatt Hotels stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the transaction, the insider directly owned 545 shares in the company, valued at $80,267.60. This represents a 42.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 214,234 shares of company stock worth $35,920,202 over the last ninety days. Corporate insiders own 23.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on H shares. Morgan Stanley raised their target price on shares of Hyatt Hotels from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Wall Street Zen lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Susquehanna reduced their target price on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Mizuho lifted their price objective on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Finally, Truist Financial lifted their price objective on shares of Hyatt Hotels from $168.00 to $181.00 and gave the company a “buy” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $184.07.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.