JPMorgan Chase & Co. Purchases 22,071 Shares of Hyatt Hotels Corporation $H

JPMorgan Chase & Co. lifted its holdings in Hyatt Hotels Corporation (NYSE:H) by 17.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,333 shares of the company’s stock after buying an additional 22,071 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.15% of Hyatt Hotels worth $20,911,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Veritas Asset Management LLP purchased a new position in Hyatt Hotels during the third quarter valued at $29,067,000. Davidson Investment Advisors purchased a new stake in shares of Hyatt Hotels in the third quarter worth $9,990,000. Assetmark Inc. increased its holdings in shares of Hyatt Hotels by 4.4% during the third quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock valued at $11,397,000 after acquiring an additional 3,387 shares in the last quarter. Finally, Malaga Cove Capital LLC raised its position in shares of Hyatt Hotels by 39.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 9,990 shares of the company’s stock worth $1,395,000 after purchasing an additional 2,840 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Insiders Place Their Bets

In other news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the transaction, the insider owned 2,684 shares in the company, valued at $445,195.08. This trade represents a 78.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Price Performance

NYSE H opened at $159.99 on Tuesday. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of -285.69, a PEG ratio of 1.88 and a beta of 1.22. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $180.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The business’s fifty day moving average price is $164.37 and its 200-day moving average price is $154.24.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, equities analysts predict 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 will be paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is currently -107.14%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Morgan Stanley boosted their price objective on shares of Hyatt Hotels from $168.00 to $194.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Mizuho increased their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.40.

Hyatt Hotels 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.