Hyatt Hotels Corporation $H Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Hyatt Hotels Corporation by 54.6%, owning 31,716 shares valued at approximately $3.89 million at the end of the last quarter.
• Hyatt Hotels recently announced a $0.15 quarterly dividend, representing an annual yield of 0.4% with a payout ratio of 14.25%.
• The company reported earnings per share (EPS) of $0.68 for the last quarter, exceeding analyst expectations, while its stock has a current market capitalization of $13.44 billion.

Swedbank AB boosted its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 54.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,716 shares of the company's stock after buying an additional 11,207 shares during the quarter. Swedbank AB's holdings in Hyatt Hotels were worth $3,885,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Long Pond Capital LP bought a new stake in Hyatt Hotels in the 1st quarter valued at about $191,922,000. Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock worth $384,132,000 after buying an additional 441,417 shares during the last quarter. Nuveen LLC purchased a new position in shares of Hyatt Hotels in the 1st quarter worth approximately $36,229,000. Senator Investment Group LP purchased a new position in shares of Hyatt Hotels in the 1st quarter worth approximately $24,500,000. Finally, Bank of Nova Scotia lifted its stake in Hyatt Hotels by 9.3% in the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after purchasing an additional 160,461 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on H. Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective on the stock in a research note on Tuesday, July 1st. Citigroup raised Hyatt Hotels from a "neutral" rating to a "buy" rating and increased their target price for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Barclays cut their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Truist Financial increased their target price on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen downgraded shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $152.68.

Hyatt Hotels Stock Up 0.2%

Hyatt Hotels stock traded up $0.22 during trading on Friday, reaching $142.98. The stock had a trading volume of 766,084 shares, compared to its average volume of 725,110. The stock has a market cap of $13.65 billion, a PE ratio of 33.96, a P/E/G ratio of 2.25 and a beta of 1.43. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The business has a 50 day moving average price of $143.14 and a 200 day moving average price of $132.51.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same quarter in the previous year, the firm earned $1.53 EPS. On average, analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Hyatt Hotels's payout ratio is currently 14.25%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the transaction, the insider directly owned 16,756 shares of the company's stock, valued at approximately $2,429,620. The trade was a 19.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.70% of the company's stock.

About Hyatt Hotels

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.