PKO Investment Management Joint Stock Co Makes New Investment in Hyatt Hotels Corporation (NYSE:H)

PKO Investment Management Joint Stock Co purchased a new stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,000 shares of the company's stock, valued at approximately $368,000.

Other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC lifted its position in Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after buying an additional 300 shares during the last quarter. UMB Bank n.a. boosted its stake in Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after buying an additional 290 shares during the period. Blue Trust Inc. increased its position in Hyatt Hotels by 78.8% during the fourth quarter. Blue Trust Inc. now owns 581 shares of the company's stock valued at $88,000 after acquiring an additional 256 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Hyatt Hotels in the 4th quarter worth about $88,000. Hedge funds and other institutional investors own 73.54% of the company's stock.

Hyatt Hotels Stock Down 1.0%

H stock traded down $1.29 during trading on Thursday, reaching $132.67. 879,976 shares of the company traded hands, compared to its average volume of 723,073. The business has a 50 day simple moving average of $124.74 and a 200 day simple moving average of $137.64. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 4.36 and a beta of 1.42.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the business earned $0.71 EPS. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.45%. Hyatt Hotels's dividend payout ratio is presently 7.79%.

Analyst Ratings Changes

A number of research firms recently weighed in on H. Macquarie reduced their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock 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. Susquehanna upped their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Truist Financial decreased 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. Finally, Barclays upped their price target on shares of Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $149.72.

Insider Transactions at Hyatt Hotels

In related news, insider Jnp 2010-Pg Trust sold 266,793 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $35,416,770.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the transaction, the insider now owns 117,077,441 shares in the company, valued at $1,580,545,453.50. This trade represents a 0.86% increase in their position. The disclosure for this purchase can be found here. Insiders sold 380,111 shares of company stock valued at $50,308,816 in the last quarter. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels 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.