KBC Group NV Sells 7,410 Shares of Hyatt Hotels Corporation $H

KBC Group NV lessened its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 59.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,099 shares of the company’s stock after selling 7,410 shares during the period. KBC Group NV’s holdings in Hyatt Hotels were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in H. Principal Financial Group Inc. boosted its holdings in shares of Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after purchasing an additional 843,121 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Hyatt Hotels by 84.5% during the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hyatt Hotels by 24.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after purchasing an additional 545,003 shares during the last quarter. Par Capital Management Inc. boosted its holdings in shares of Hyatt Hotels by 551.8% during the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock valued at $51,847,000 after purchasing an additional 314,300 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Hyatt Hotels by 2,577.7% in the fourth quarter. SG Americas Securities LLC now owns 233,040 shares of the company’s stock worth $37,361,000 after purchasing an additional 224,337 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on H. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a research report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price target on the stock. Mizuho boosted their price target on shares of Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research report on Friday, January 2nd. Truist Financial boosted their price target on shares of Hyatt Hotels from $168.00 to $181.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus target price of $181.21.

Insider Transactions at Hyatt Hotels

In related news, insider Kinsey Wolf sold 400 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the sale, the insider directly owned 545 shares in the company, valued at $80,267.60. This trade represents a 42.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.60% of the stock is currently owned by corporate insiders.

Hyatt Hotels Stock Up 0.3%

Shares of H opened at $172.94 on Tuesday. The company has a market cap of $16.34 billion, a PE ratio of -308.82, a P/E/G ratio of 2.07 and a beta of 1.28. The business has a fifty day moving average of $155.77 and a 200 day moving average of $156.37. Hyatt Hotels Corporation has a 52-week low of $102.93 and a 52-week high of $180.53. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period last year, the company earned $0.42 earnings per share. On average, sell-side analysts expect that Hyatt Hotels Corporation will post 3.13 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a $0.15 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is currently -107.14%.

About Hyatt Hotels

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.