Hsbc Holdings PLC Cuts Stake in Hyatt Hotels Corporation $H

Key Points

• Hsbc Holdings PLC has reduced its stake in Hyatt Hotels Corporation by 74.6%, selling 36,573 shares and now holding 12,462 shares worth approximately $1,518,000.
• Analysts have set various price targets for Hyatt Hotels, with Goldman Sachs raising theirs from $110.00 to $123.00, while the average target price is currently $150.83.
• Hyatt Hotels announced a $0.15 quarterly dividend to be paid on September 10th, with a 0.4% yield and a payout ratio of 14.25%.

Hsbc Holdings PLC reduced its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 74.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,462 shares of the company's stock after selling 36,573 shares during the period. Hsbc Holdings PLC's holdings in Hyatt Hotels were worth $1,518,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of Hyatt Hotels by 127.9% in the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock valued at $1,346,000 after acquiring an additional 6,170 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Hyatt Hotels by 87.0% in the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock valued at $995,000 after acquiring an additional 3,778 shares in the last quarter. TT International Asset Management LTD grew its holdings in shares of Hyatt Hotels by 10.0% in the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock valued at $4,535,000 after acquiring an additional 3,360 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new position in shares of Hyatt Hotels in the first quarter valued at approximately $1,155,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Hyatt Hotels in the first quarter valued at approximately $488,000. 73.54% of the stock is owned by institutional investors.

Insider Transactions at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total transaction of $216,000.00. Following the transaction, the director directly owned 37,825 shares of the company's stock, valued at $5,106,375. This represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction on 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 directly owned 498 shares in the company, valued at $66,084.60. The trade was a 66.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,491 shares of company stock valued at $870,211 over the last 90 days. 23.70% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Down 0.9%

NYSE H traded down $1.28 during mid-day trading on Friday, reaching $144.12. The stock had a trading volume of 685,727 shares, compared to its average volume of 1,046,210. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The stock has a market cap of $13.76 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.26 and a beta of 1.43. The company has a fifty day moving average price of $143.13 and a 200 day moving average price of $132.18. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share 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 analyst estimates of $1.74 billion. During the same period in the previous year, the business earned $1.53 EPS. On average, research analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Hyatt Hotels's dividend payout ratio is presently 14.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price for the company in a report on Tuesday, July 1st. Wall Street Zen downgraded Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Robert W. Baird upped their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Barclays dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Finally, Truist Financial dropped their price objective on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $150.83.

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.