Nykredit A S Purchases New Shares in Hyatt Hotels Corporation $H

Key Points

• Nykredit A S initiated a position in Hyatt Hotels by purchasing 45,960 shares worth approximately $8.9 million. Institutional investors collectively own 73.54% of the company.
• Hyatt reported quarterly earnings of $1.12 per share, exceeding estimates of $0.91, while revenue rose 1.2% year over year to $1.83 billion.
• The company declared a quarterly dividend of $0.15 per share, equal to a 0.4% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $197.07.

Nykredit A S bought a new position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 45,960 shares of the company's stock, valued at approximately $8,909,000.

A number of other institutional investors have also recently modified their holdings of H. Wellington Management Group LLP raised its stake in Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company's stock valued at $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. Veritas Asset Management LLP grew its stake in Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company's stock worth $304,675,000 after buying an additional 1,695,616 shares in the last quarter. Bank of Nova Scotia increased its holdings in Hyatt Hotels by 2.8% in the 4th quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company's stock valued at $257,352,000 after buying an additional 43,733 shares during the period. Bank of America Corp DE raised its position in shares of Hyatt Hotels by 15.8% in the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company's stock valued at $201,814,000 after buying an additional 193,530 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Hyatt Hotels by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 751,607 shares of the company's stock worth $120,153,000 after acquiring an additional 6,849 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $166.00 on Friday. Hyatt Hotels Corporation has a one year low of $134.18 and a one year high of $206.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $15.64 billion, a price-to-earnings ratio of 202.44 and a beta of 1.34. The firm has a 50 day simple moving average of $181.79 and a 200 day simple moving average of $172.69.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. Research analysts predict that Hyatt Hotels Corporation will post 3.54 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels's dividend payout ratio (DPR) is currently 73.17%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan Kronick sold 1,700 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares in the company, valued at $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. HSBC upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating and set a $212.00 price target on the stock in a research report on Thursday, June 4th. Susquehanna upped their target price on Hyatt Hotels from $180.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. decreased their price target on Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a report on Friday, May 29th. Finally, Wolfe Research assumed coverage on Hyatt Hotels in a research note on Wednesday. They issued an "outperform" rating and a $203.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $197.07.

Hyatt Hotels Company Profile

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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