Voya Investment Management LLC Increases Stock Position in Hyatt Hotels Corporation $H

Key Points

• Voya Investment Management LLC increased its holdings in Hyatt Hotels Corporation by 6.4% in Q1, owning 39,345 shares valued at approximately $4.82 million.
• Analysts have recently upgraded Hyatt Hotels' ratings, with Deutsche Bank, Truist Financial, and Raymond James all issuing buy ratings and raising price targets.
• Hyatt announced a quarterly dividend of $0.15 per share, resulting in a 0.4% dividend yield, and reported earnings per share of $0.68, beating analyst expectations.

Voya Investment Management LLC boosted its position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 39,345 shares of the company's stock after acquiring an additional 2,380 shares during the quarter. Voya Investment Management LLC's holdings in Hyatt Hotels were worth $4,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Hyatt Hotels by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company's stock valued at $480,260,000 after buying an additional 21,190 shares during the period. Principal Financial Group Inc. lifted its holdings 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 valued at $384,132,000 after buying an additional 441,417 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Hyatt Hotels by 9.3% in the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after buying an additional 160,461 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Hyatt Hotels by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company's stock valued at $220,578,000 after buying an additional 116,813 shares during the period. Finally, Long Pond Capital LP acquired a new position in shares of Hyatt Hotels in the 1st quarter valued at about $191,922,000. Institutional investors and hedge funds own 73.54% of the company's stock.

Insider Activity

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the firm's stock in a transaction dated 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 trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hyatt Hotels Stock Up 0.2%

NYSE:H traded up $0.22 during trading hours on Friday, hitting $142.98. The company's stock had a trading volume of 766,084 shares, compared to its average volume of 725,110. The stock has a market capitalization of $13.65 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.25 and a beta of 1.43. The stock has a fifty day moving average of $143.14 and a 200-day moving average of $132.51. The company has a current ratio of 0.70, a quick 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.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.68 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 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 quarter in the prior year, the company posted $1.53 earnings per share. On average, equities analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share 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 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 dividend yield of 0.4%. Hyatt Hotels's dividend payout ratio (DPR) 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.