Massachusetts Financial Services Co. MA Has $434.20 Million Position in Hyatt Hotels Corporation $H

Key Points

• Massachusetts Financial Services trimmed its stake by 2.1% to 2,708,350 shares, leaving it with about $434.20 million of Hyatt stock (roughly 2.85% ownership) at the end of the quarter.
• Analyst sentiment is favorable: Hyatt has a consensus rating of Moderate Buy with a consensus price target of $181.43, and multiple firms recently raised price targets and ratings (e.g., Morgan Stanley to $195, Truist to $181).
• Hyatt beat quarterly expectations with EPS of $1.33 versus the $0.29 estimate and announced a quarterly dividend of $0.15 (annualized $0.60, yield ~0.4%).

Massachusetts Financial Services Co. MA lowered its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,708,350 shares of the company's stock after selling 57,435 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.85% of Hyatt Hotels worth $434,203,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. lifted its stake in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company's stock valued at $25,000 after acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company's stock valued at $31,000 after acquiring an additional 107 shares during the last quarter. Quent Capital LLC acquired a new stake in Hyatt Hotels in the third quarter valued at $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Hyatt Hotels in the third quarter valued at $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Hyatt Hotels in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 73.54% of the company's stock.

Wall Street Analysts Forecast Growth

H has been the subject of a number of recent analyst reports. Evercore reiterated an "in-line" rating and issued a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Stifel Nicolaus upped their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a "hold" rating in a report on Wednesday, December 31st. Morgan Stanley upped their price objective on shares of Hyatt Hotels from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday. Wall Street Zen upgraded shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Finally, Truist Financial upped their price objective on shares of Hyatt Hotels from $168.00 to $181.00 and gave the company a "buy" rating in a report on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.43.

Insider Activity

In other news, insider Kinsey Wolf sold 400 shares of the business's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the sale, the insider owned 545 shares of the company's stock, valued at approximately $80,267.60. The trade was a 42.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 23.70% of the company's stock.

Hyatt Hotels Price Performance

NYSE:H opened at $155.41 on Friday. Hyatt Hotels Corporation has a one year low of $102.93 and a one year high of $180.53. The company has a market cap of $14.68 billion, a P/E ratio of -277.53, a P/E/G ratio of 1.84 and a beta of 1.28. The firm's fifty day moving average price is $154.96 and its two-hundred day moving average price is $155.30. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the company earned $0.42 earnings per share. Equities analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels's payout ratio is presently -107.14%.

About Hyatt Hotels

Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt's business model combines property ownership, management contracts and third-party franchising.

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