National Bank of Canada FI Has $4.01 Million Position in Hyatt Hotels Corporation (NYSE:H)

Key Points

• National Bank of Canada FI significantly increased its stake in Hyatt Hotels Corporation by 1,400.8%, acquiring a total of 32,703 shares worth approximately $4,006,000.
• Hyatt Hotels reported an EPS of $0.68 for the latest quarter, exceeding analysts' expectations, with revenue of $1.81 billion compared to a consensus estimate of $1.74 billion.
• The company declared a quarterly dividend of $0.15 per share, representing an annualized yield of 0.4%, with the dividend payout ratio currently at 14.25%.

National Bank of Canada FI raised its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 1,400.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,703 shares of the company's stock after purchasing an additional 30,524 shares during the quarter. National Bank of Canada FI's holdings in Hyatt Hotels were worth $4,006,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its position in shares of Hyatt Hotels by 127.9% during the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock worth $1,346,000 after acquiring an additional 6,170 shares during the last quarter. Bridges Investment Management Inc. raised its position in shares of Hyatt Hotels by 87.0% during the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock worth $995,000 after acquiring an additional 3,778 shares during the last quarter. TT International Asset Management LTD raised its position in shares of Hyatt Hotels by 10.0% during the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock worth $4,535,000 after acquiring an additional 3,360 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Hyatt Hotels during the first quarter worth $488,000. Finally, ASR Vermogensbeheer N.V. bought a new stake in shares of Hyatt Hotels during the first quarter worth $1,155,000. Institutional investors own 73.54% of the company's stock.

Hyatt Hotels Stock Down 1.2%

Shares of H stock traded down $1.68 on Friday, hitting $141.24. 1,018,125 shares of the stock were exchanged, compared to its average volume of 979,893. The company has a current ratio of 0.70, a quick ratio of 0.98 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $13.48 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.46. The business has a 50-day moving average of $141.44 and a 200 day moving average of $133.59. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week 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. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%. During the same period in the prior year, the firm earned $1.53 earnings per share. Equities analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on H. Macquarie dropped their target price on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Truist Financial dropped their target price 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. Wall Street Zen downgraded Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday. Evercore ISI dropped their price objective on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.26.

Insider Buying and Selling

In other Hyatt Hotels news, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the company's stock in a transaction on Friday, June 13th. The shares were purchased 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 represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total value of $216,000.00. Following the completion of the sale, the director owned 37,825 shares in the company, valued at $5,106,375. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,491 shares of company stock valued at $870,211. 23.70% of the stock is currently owned by company insiders.

About Hyatt Hotels

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.