Swedbank AB Boosts Stock Holdings in Hyatt Hotels Corporation $H

Key Points

• Swedbank AB increased its stake in Hyatt Hotels Corporation by 13.1% during the second quarter, bringing its total ownership to 35,886 shares valued at approximately $5 million.
• Recent analyst ratings for Hyatt Hotels have varied, with Deutsche Bank upgrading it to "buy," while Citigroup also raised its target price from $138.00 to $167.00, reflecting positive sentiment among some investment firms.
• Hyatt Hotels announced a quarterly dividend of $0.15 per share, which equates to an annualized dividend of $0.60 and a dividend yield of 0.4%.

Swedbank AB boosted its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 13.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,886 shares of the company's stock after purchasing an additional 4,170 shares during the quarter. Swedbank AB's holdings in Hyatt Hotels were worth $5,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tidal Investments LLC increased its holdings in shares of Hyatt Hotels by 153.1% in the fourth quarter. Tidal Investments LLC now owns 4,541 shares of the company's stock worth $713,000 after acquiring an additional 2,747 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Hyatt Hotels by 5.2% in the fourth quarter. Toronto Dominion Bank now owns 6,056 shares of the company's stock worth $951,000 after acquiring an additional 301 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels in the fourth quarter worth about $26,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Hyatt Hotels by 14.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,326 shares of the company's stock worth $365,000 after buying an additional 291 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Hyatt Hotels by 8,136.3% during the first quarter. GAMMA Investing LLC now owns 86,975 shares of the company's stock worth $106,540,000 after buying an additional 85,919 shares during the period. Institutional investors own 73.54% of the company's stock.

Analyst Upgrades and Downgrades

H has been the subject of several recent research reports. Citigroup raised Hyatt Hotels from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Wall Street Zen cut Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Robert W. Baird upped their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Barclays reduced their price objective on 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.68.

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 transaction of $587,395.00. Following the sale, the insider owned 16,756 shares of the company's stock, valued at $2,429,620. The trade was a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.70% of the stock is owned by insiders.

Hyatt Hotels Stock Down 2.7%

H traded down $3.80 during midday trading on Monday, reaching $139.24. 1,054,283 shares of the company were exchanged, compared to its average volume of 714,648. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The company's fifty day moving average price is $142.91 and its 200 day moving average price is $132.46. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.25 and a beta of 1.43. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20.

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

Hyatt Hotels Dividend Announcement

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

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.