United Services Automobile Association Acquires New Holdings in Hyatt Hotels Corporation $H

Key Points

• United Services Automobile Association has acquired a new stake in Hyatt Hotels Corporation, purchasing 2,672 shares valued at approximately $325,000.
• Insider activity includes significant stock sales by executives, with David Udell selling 4,051 shares for $587,395, resulting in a 19.47% reduction in his holdings.
• Analysts have recently upgraded Hyatt Hotels, with Citigroup raising their rating from "neutral" to "buy" and increasing the price target from $138 to $167.

United Services Automobile Association acquired a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,672 shares of the company's stock, valued at approximately $325,000.

Several other institutional investors have also bought and sold shares of H. Long Pond Capital LP purchased a new stake in shares of Hyatt Hotels during the first quarter worth $191,922,000. Principal Financial Group Inc. lifted its position in shares of Hyatt Hotels by 16.4% during the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock worth $384,132,000 after acquiring an additional 441,417 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Hyatt Hotels during the first quarter worth $36,229,000. Senator Investment Group LP purchased a new stake in shares of Hyatt Hotels during the first quarter worth $24,500,000. Finally, Bank of Nova Scotia lifted its position in shares of Hyatt Hotels by 9.3% during the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock worth $229,987,000 after acquiring an additional 160,461 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the firm'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 completion of the transaction, the insider owned 16,756 shares of the company's stock, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $132.70, for a total transaction of $132,700.00. Following the sale, the director owned 498 shares in the company, valued at approximately $66,084.60. This represents a 66.76% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Price Performance

Shares of H traded up $2.15 during trading hours on Thursday, reaching $143.18. 173,745 shares of the stock traded hands, compared to its average volume of 936,210. The company has a market cap of $13.67 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 2.26 and a beta of 1.43. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The company's 50-day moving average price is $143.48 and its two-hundred day moving average price is $132.46.

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

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were given 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 dividend payout ratio is presently 14.25%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup raised shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and upped their price target for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Barclays decreased their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Truist Financial upped their price target 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. Wall Street Zen cut shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Finally, Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $152.68.

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.