International Assets Investment Management LLC Acquires Shares of 10,433 Hyatt Hotels Co. (NYSE:H)

International Assets Investment Management LLC acquired a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,433 shares of the company's stock, valued at approximately $1,361,000.

A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. grew its stake in Hyatt Hotels by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company's stock worth $239,367,000 after acquiring an additional 11,041 shares during the period. Morgan Stanley grew its stake in Hyatt Hotels by 1.1% in the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company's stock worth $232,836,000 after acquiring an additional 24,121 shares during the period. Canada Pension Plan Investment Board grew its stake in Hyatt Hotels by 33.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 903,230 shares of the company's stock worth $95,815,000 after acquiring an additional 225,530 shares during the period. Cadian Capital Management LP grew its stake in Hyatt Hotels by 7.2% in the 3rd quarter. Cadian Capital Management LP now owns 621,800 shares of the company's stock worth $65,961,000 after acquiring an additional 41,800 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Hyatt Hotels by 25.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,383 shares of the company's stock worth $55,627,000 after acquiring an additional 105,816 shares during the period. 71.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Joan Bottarini sold 10,695 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now directly owns 16,104 shares in the company, valued at approximately $2,398,207.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Hyatt Hotels news, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the transaction, the insider now directly owns 16,104 shares of the company's stock, valued at approximately $2,398,207.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark R. Vondrasek sold 9,867 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $154.11, for a total value of $1,520,603.37. Following the sale, the insider now owns 5,100 shares in the company, valued at $785,961. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,084,248 shares of company stock worth $326,572,489. 23.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Hyatt Hotels from $153.00 to $159.00 and gave the company an "equal weight" rating in a report on Friday, May 10th. Morgan Stanley lowered shares of Hyatt Hotels from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $149.00 to $156.00 in a report on Monday, March 11th. TD Cowen lifted their target price on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a "market perform" rating in a report on Thursday, March 21st. Truist Financial lifted their target price on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hyatt Hotels from $162.00 to $172.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $146.81.

Hyatt Hotels Price Performance

NYSE:H traded down $1.23 during mid-day trading on Wednesday, reaching $149.24. 712,485 shares of the stock were exchanged, compared to its average volume of 663,783. The business has a fifty day moving average price of $154.01 and a 200 day moving average price of $136.03. The firm has a market capitalization of $15.10 billion, a PE ratio of 23.36 and a beta of 1.49. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $161.50. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Research analysts expect that Hyatt Hotels Co. will post 3.26 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels's dividend payout ratio (DPR) is currently 9.32%.

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.