Aviva PLC Grows Stake in Hyatt Hotels Corporation $H

Aviva PLC lifted its stake in Hyatt Hotels Corporation (NYSE:H) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,577 shares of the company’s stock after buying an additional 451 shares during the period. Aviva PLC’s holdings in Hyatt Hotels were worth $3,432,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bank of Jackson Hole Trust purchased a new position in Hyatt Hotels in the 1st quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Hyatt Hotels by 18,500.0% in the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $52,000 after purchasing an additional 370 shares during the period. Fifth Third Bancorp grew its holdings in Hyatt Hotels by 33.2% during the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after purchasing an additional 96 shares in the last quarter. Finally, Harold Davidson & Associates Inc. purchased a new stake in Hyatt Hotels during the 1st quarter worth $203,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley raised shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $147.00 to $168.00 in a research report on Wednesday, October 22nd. Truist Financial increased their price target on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Robert W. Baird upped their target price on Hyatt Hotels from $150.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and a consensus price target of $158.60.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 3,010 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $157.00, for a total value of $472,570.00. Following the sale, the insider directly owned 13,746 shares of the company’s stock, valued at $2,158,122. This trade represents a 17.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Sears sold 12,394 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the transaction, the insider directly owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This trade represents a 68.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 23,586 shares of company stock worth $3,611,550. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Up 0.2%

H stock opened at $156.81 on Thursday. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.54 and a beta of 1.43. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The firm has a fifty day moving average price of $144.91 and a two-hundred day moving average price of $139.89. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.79). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. Research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, November 24th. Hyatt Hotels’s dividend payout ratio is presently -64.52%.

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.