Amundi Has $13.35 Million Holdings in Hyatt Hotels Corporation $H

Key Points

• Amundi has reduced its stake in Hyatt Hotels Corporation by 31.3%, selling 52,826 shares, and now owns 115,826 shares valued at approximately $13.35 million.
• Hyatt recently reported quarterly earnings of $0.68 earnings per share, exceeding analyst estimates, along with a revenue of $1.81 billion.
• The company has declared a quarterly dividend of $0.15, with a yield of 0.4%, payable on September 10th to shareholders on record as of August 27th.

Amundi decreased its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 31.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 115,826 shares of the company's stock after selling 52,826 shares during the period. Amundi owned about 0.12% of Hyatt Hotels worth $13,348,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Hyatt Hotels during the 1st quarter worth approximately $31,000. UMB Bank n.a. raised its stake in shares of Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after purchasing an additional 290 shares in the last quarter. Flynn Zito Capital Management LLC raised its stake in shares of Hyatt Hotels by 13.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after purchasing an additional 223 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Hyatt Hotels by 5.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock worth $256,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 73.54% of the company's stock.

Wall Street Analysts Forecast Growth

H has been the topic of a number of analyst reports. Truist Financial upped their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Barclays cut their price target on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target for the company in a report on Tuesday, July 1st. Robert W. Baird raised their price target on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $152.68.

Hyatt Hotels Stock Performance

H stock traded down $2.66 during trading hours on Monday, hitting $140.78. 813,703 shares of the stock were exchanged, compared to its average volume of 793,472. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $13.44 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.26 and a beta of 1.43. The company has a 50-day simple moving average of $143.67 and a two-hundred day simple moving average of $132.32. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the business earned $1.53 EPS. On average, analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels's dividend payout ratio (DPR) is presently 14.25%.

Insiders Place Their Bets

In related news, insider David Udell sold 4,051 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total value of $587,395.00. Following the transaction, the insider owned 16,756 shares in the company, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 1,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the transaction, the director owned 498 shares in the company, valued at $66,084.60. The trade was a 66.76% decrease in their position. The disclosure for this sale can be found here. 23.70% of the stock is currently owned by company insiders.

Hyatt Hotels 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.