Hyatt Hotels Corporation $H Shares Acquired by Covea Finance

Key Points

• Covea Finance increased its position in Hyatt Hotels shares by 42.9%, now owning 25,300 shares valued at approximately $3.53 million.
• Hyatt Hotels reported earnings of $0.68 EPS for the previous quarter, exceeding analysts' expectations of $0.62 and reflecting a significant growth from last year's $1.53 EPS.
• The company announced a quarterly dividend of $0.15 per share, yielding an annualized rate of $0.60, representing a payout ratio of 14.25%.

Covea Finance lifted its position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 42.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,300 shares of the company's stock after buying an additional 7,600 shares during the period. Covea Finance's holdings in Hyatt Hotels were worth $3,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in H. Tidal Investments LLC increased its holdings in shares of Hyatt Hotels by 153.1% during the 4th quarter. Tidal Investments LLC now owns 4,541 shares of the company's stock worth $713,000 after buying an additional 2,747 shares during the last quarter. Toronto Dominion Bank increased its holdings in Hyatt Hotels by 5.2% in the 4th quarter. Toronto Dominion Bank now owns 6,056 shares of the company's stock valued at $951,000 after purchasing an additional 301 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels in the 4th quarter valued at $26,000. Wealth Enhancement Advisory Services LLC increased its holdings in Hyatt Hotels by 14.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,326 shares of the company's stock valued at $365,000 after purchasing an additional 291 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Hyatt Hotels by 8,136.3% in the 1st quarter. GAMMA Investing LLC now owns 86,975 shares of the company's stock valued at $106,540,000 after purchasing an additional 85,919 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Stock Performance

NYSE:H opened at $139.24 on Tuesday. 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 Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The firm has a 50-day moving average of $142.91 and a two-hundred day moving average of $132.46. The stock has a market cap of $13.30 billion, a P/E ratio of 33.07, a PEG ratio of 2.25 and a beta of 1.43.

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

Hyatt Hotels Dividend Announcement

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

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were 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 of the company's stock, valued at $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 23.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays lowered 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. Truist Financial increased their price target on Hyatt Hotels from $140.00 to $159.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Wall Street Zen downgraded Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Finally, Citigroup raised shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and upped their price objective for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $152.68.

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.

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