Forsta AP Fonden Takes Position in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Forsta AP Fonden has acquired a new stake in Hyatt Hotels Corporation, purchasing 18,700 shares valued at approximately $2.29 million during the first quarter.
• Hyatt's recent earnings report showed earnings per share of $0.68, surpassing analyst estimates, with a revenue of $1.81 billion for the quarter.
• The company has announced a quarterly dividend of $0.15 per share, with the upcoming payout scheduled for September 10th.

Forsta AP Fonden acquired a new stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,700 shares of the company's stock, valued at approximately $2,291,000.

Several other institutional investors and hedge funds also recently made changes to their positions in H. Townsquare Capital LLC raised its holdings in shares of Hyatt Hotels by 3.4% during the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock worth $440,000 after acquiring an additional 92 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Hyatt Hotels by 5.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after acquiring an additional 110 shares during the period. Snowden Capital Advisors LLC raised its position in Hyatt Hotels by 2.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company's stock valued at $789,000 after purchasing an additional 116 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in Hyatt Hotels during the 4th quarter valued at $26,000. Finally, State of Michigan Retirement System increased its holdings in shares of Hyatt Hotels by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 10,200 shares of the company's stock valued at $1,250,000 after acquiring an additional 200 shares during the period. Institutional investors own 73.54% of the company's stock.

Insider Activity

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following the transaction, the director owned 498 shares of the company's stock, valued at $66,084.60. This represents a 66.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the business's stock in a transaction on Friday, June 13th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the purchase, the insider directly owned 117,077,441 shares of the company's stock, valued at approximately $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 6,491 shares of company stock worth $870,211. Company insiders own 23.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. The Goldman Sachs Group lifted their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Truist Financial dropped their price objective on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of "Moderate Buy" and an average target price of $152.26.

Hyatt Hotels Stock Performance

NYSE H traded down $2.05 on Thursday, reaching $143.19. 942,068 shares of the stock were exchanged, compared to its average volume of 981,961. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The firm has a market capitalization of $13.67 billion, a PE ratio of 34.01, a PEG ratio of 2.19 and a beta of 1.46. The company's 50-day simple moving average is $141.27 and its two-hundred day simple moving average is $133.87. The company has a current ratio of 0.70, a quick ratio of 0.98 and a debt-to-equity ratio of 1.45.

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

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is 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 is currently 14.25%.

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.