Meiji Yasuda Life Insurance Co Purchases Shares of 4,800 Hyatt Hotels Co. (NYSE:H)

Meiji Yasuda Life Insurance Co acquired a new position in shares of Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,800 shares of the company’s stock, valued at approximately $754,000.

Other hedge funds have also modified their holdings of the company. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. Versant Capital Management Inc grew its stake in Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after buying an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after buying an additional 113 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Up 3.6 %

H stock opened at $123.00 on Friday. The company has a market cap of $11.83 billion, a PE ratio of 9.89 and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 52 week low of $102.43 and a 52 week high of $168.20. The business has a 50-day simple moving average of $120.25 and a 200 day simple moving average of $142.97.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the prior year, the firm posted $0.71 EPS. Sell-side analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.82%.

Insider Buying and Selling

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This trade represents a 4.05 % 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 this link. Also, insider Kinsey Wolf sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the sale, the insider now owns 811 shares in the company, valued at approximately $99,712.45. This trade represents a 55.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock worth $1,517,798 in the last ninety days. 23.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

H has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Company dropped their price objective on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI cut their price target on Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Friday. Stifel Nicolaus reduced their price objective on shares of Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group raised their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a “sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and an average target price of $151.17.

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.