Hyatt Hotels Corporation (NYSE:H) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 30.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,759 shares of the company's stock after buying an additional 8,951 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Hyatt Hotels were worth $4,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in H. Principal Financial Group Inc. boosted its position in Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after buying an additional 441,417 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Hyatt Hotels during the 4th quarter worth $43,953,000. Deutsche Bank AG lifted its position in shares of Hyatt Hotels by 209.8% during the 4th quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock worth $40,118,000 after purchasing an additional 173,075 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Hyatt Hotels by 9.3% during the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock worth $229,987,000 after purchasing an additional 160,461 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Hyatt Hotels by 8,136.3% during the 1st quarter. GAMMA Investing LLC now owns 86,975 shares of the company's stock worth $106,540,000 after purchasing an additional 85,919 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Insider Activity

In other news, insider David Udell sold 3,891 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total transaction of $521,510.73. Following the transaction, the insider directly owned 16,756 shares in the company, valued at $2,245,806.68. The trade was a 18.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the company's stock in a transaction dated 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 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. In the last three months, insiders have sold 6,491 shares of company stock valued at $870,211. 23.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Macquarie decreased their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird lifted their price target on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $152.26.

Hyatt Hotels Stock Performance

NYSE H traded down $1.68 during trading on Friday, reaching $141.24. The company's stock had a trading volume of 1,018,125 shares, compared to its average volume of 956,640. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.70. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 2.19 and a beta of 1.46. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The business's fifty day moving average price is $141.27 and its 200-day moving average price is $133.87.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same period in the previous year, the business posted $1.53 earnings per share. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal 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 paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Hyatt Hotels's payout ratio is 14.25%.

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.