United Services Automobile Association Purchases 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 purchased a new stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,672 shares of the company's stock, valued at approximately $325,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new position in Hyatt Hotels during the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in Hyatt Hotels during the first quarter valued at about $31,000. UMB Bank n.a. increased 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 valued at $61,000 after acquiring an additional 290 shares during the period. Flynn Zito Capital Management LLC boosted its holdings in Hyatt Hotels by 13.2% during the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after purchasing an additional 223 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Hyatt Hotels by 5.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after purchasing an additional 110 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the transaction, the insider owned 16,756 shares of the company's stock, valued at approximately $2,429,620. This represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 1,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $132.70, for a total value of $132,700.00. Following the transaction, the director directly 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. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Stock Down 1.5%

Shares of H opened at $143.56 on Friday. The company has a market capitalization of $13.71 billion, a P/E ratio of 34.10, a PEG ratio of 2.29 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The business's 50 day simple moving average is $143.77 and its 200-day simple moving average is $132.42.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate 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 business earned $1.53 EPS. As a group, sell-side analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.4%. Hyatt Hotels's dividend payout ratio is currently 14.25%.

Analysts Set New Price Targets

A number of research firms have weighed in on H. Citigroup raised Hyatt Hotels from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $138.00 to $167.00 in a report on Tuesday. Truist Financial lifted their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective on the stock in a report on Tuesday, July 1st. Finally, Robert W. Baird lifted their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of "Moderate Buy" and an average target price of $152.68.

Hyatt Hotels Company 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.

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