Hyatt Hotels Corporation (NYSE:H) Shares Sold by KBC Group NV

KBC Group NV cut its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 90.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,145 shares of the company's stock after selling 98,821 shares during the quarter. KBC Group NV's holdings in Hyatt Hotels were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Hyatt Hotels during the 4th quarter worth approximately $77,136,000. Invesco Ltd. grew its position in shares of Hyatt Hotels by 241.4% during the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company's stock worth $106,677,000 after buying an additional 480,523 shares in the last quarter. Norges Bank bought a new stake in shares of Hyatt Hotels in the fourth quarter worth $61,572,000. Alyeska Investment Group L.P. acquired a new stake in Hyatt Hotels in the fourth quarter valued at $43,953,000. Finally, Deutsche Bank AG boosted its stake in Hyatt Hotels by 209.8% during the 4th quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock valued at $40,118,000 after acquiring an additional 173,075 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

H has been the subject of several research analyst reports. Evercore ISI dropped their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus decreased their price target on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. The Goldman Sachs Group lifted their target price on Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Finally, Truist Financial dropped their price target on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $150.63.

Hyatt Hotels Stock Performance

Hyatt Hotels stock traded up $1.97 during midday trading on Friday, reaching $147.36. 635,156 shares of the stock traded hands, compared to its average volume of 754,285. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 4.69 and a beta of 1.42. The firm has a fifty day moving average price of $130.93 and a two-hundred day moving average price of $136.18.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, equities research analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were paid a $0.15 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. Hyatt Hotels's payout ratio is 7.79%.

Insider Activity at Hyatt Hotels

In related news, insider David Udell sold 3,891 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total value of $521,510.73. Following the completion of the transaction, the insider owned 16,756 shares in the company, valued at $2,245,806.68. This represents a 18.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jnp 2010-Pg Trust sold 266,793 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $35,416,770.75. The disclosure for this sale can be found here. In the last three months, insiders sold 371,111 shares of company stock valued at $49,273,516. 23.70% of the stock is owned by corporate insiders.

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.