Commonwealth Bank of Australia boosted its position in Hyatt Hotels Co. (NYSE:H) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 18,542 shares of the company’s stock after purchasing an additional 500 shares during the period. Commonwealth Bank of Australia’s holdings in Hyatt Hotels were worth $1,249,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. NumerixS Investment Technologies Inc acquired a new position in shares of Hyatt Hotels during the 4th quarter valued at about $61,000. Advisors Asset Management Inc. acquired a new position in shares of Hyatt Hotels during the 4th quarter valued at about $65,000. PNC Financial Services Group Inc. increased its stake in shares of Hyatt Hotels by 66.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,769 shares of the company’s stock valued at $119,000 after acquiring an additional 705 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Hyatt Hotels by 245.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,478 shares of the company’s stock valued at $197,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Veritable L.P. acquired a new position in shares of Hyatt Hotels during the 3rd quarter valued at about $211,000. 35.43% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on H shares. Zacks Investment Research downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Raymond James reaffirmed a “hold” rating on shares of Hyatt Hotels in a research note on Wednesday, February 13th. Robert W. Baird set a $89.00 price objective on shares of Hyatt Hotels and gave the company a “buy” rating in a research note on Friday, February 15th. Deutsche Bank reiterated a “hold” rating and set a $75.00 target price on shares of Hyatt Hotels in a report on Sunday, February 17th. Finally, Morgan Stanley set a $73.00 target price on Hyatt Hotels and gave the stock a “hold” rating in a report on Thursday, December 20th. Fourteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.17.
In other Hyatt Hotels news, insider David Udell sold 6,486 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $74.00, for a total value of $479,964.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at approximately $740,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jnp Parachute Mirror Trust B sold 2,246 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $64.99, for a total value of $145,967.54. The disclosure for this sale can be found here. 18.40% of the stock is owned by corporate insiders.
Shares of NYSE:H opened at $72.36 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.27 and a quick ratio of 1.25. Hyatt Hotels Co. has a 1 year low of $63.45 and a 1 year high of $84.89. The stock has a market cap of $7.64 billion, a PE ratio of 36.55, a PEG ratio of 5.04 and a beta of 1.09.
Hyatt Hotels (NYSE:H) last issued its earnings results on Wednesday, February 13th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.40. Hyatt Hotels had a return on equity of 5.93% and a net margin of 17.26%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business earned $0.23 EPS. As a group, sell-side analysts forecast that Hyatt Hotels Co. will post 1.31 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Tuesday, February 26th. This is a boost from Hyatt Hotels’s previous quarterly dividend of $0.15. Hyatt Hotels’s dividend payout ratio is currently 38.38%.
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Hyatt Hotels Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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