Swiss National Bank Has $14.61 Million Stock Position in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Swiss National Bank reduced its stake in Hyatt Hotels by 6.1%, holding 119,300 shares valued at approximately $14.61 million.
• Hyatt Hotels reported earnings of $0.68 per share for the recent quarter, beating analysts' expectations of $0.62 and generating revenue of $1.81 billion.
• The company has announced a quarterly dividend of $0.15 per share, with a payout ratio of 14.25% and an annualized yield of 0.4%.

Swiss National Bank lessened its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,300 shares of the company's stock after selling 7,700 shares during the quarter. Swiss National Bank owned about 0.12% of Hyatt Hotels worth $14,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new stake in Hyatt Hotels in the 1st quarter valued at about $31,000. UMB Bank n.a. increased its position in Hyatt Hotels by 138.8% in the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after acquiring an additional 290 shares in the last quarter. Flynn Zito Capital Management LLC increased its position in Hyatt Hotels by 13.2% in the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after acquiring an additional 223 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Hyatt Hotels by 5.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Hyatt Hotels Stock Performance

Shares of H opened at $145.17 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.70. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The firm's 50 day moving average price is $141.01 and its two-hundred day moving average price is $133.96. The firm has a market cap of $13.86 billion, a P/E ratio of 34.48, a PEG ratio of 2.32 and a beta of 1.46.

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

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is 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%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the stock in a transaction dated Friday, June 13th. The shares were bought at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the acquisition, the insider directly owned 117,077,441 shares of the company's stock, valued at approximately $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Udell sold 3,891 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total transaction of $521,510.73. Following the completion of the sale, the insider owned 16,756 shares in the company, valued at $2,245,806.68. This trade represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,491 shares of company stock worth $870,211. Corporate insiders own 23.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on H. Robert W. Baird raised their price objective on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Melius Research raised shares of Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. Stifel Nicolaus reduced their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a research note on Tuesday, July 1st. Finally, Barclays reduced their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.26.

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.

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