JPMorgan Chase & Co. Acquires 22,071 Shares of Hyatt Hotels Corporation $H

JPMorgan Chase & Co. lifted its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 17.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 147,333 shares of the company’s stock after buying an additional 22,071 shares during the period. JPMorgan Chase & Co.’s holdings in Hyatt Hotels were worth $20,911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. increased its position in Hyatt Hotels by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after buying an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Hyatt Hotels by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after buying an additional 11,252 shares during the last quarter. Creative Planning boosted its stake in shares of Hyatt Hotels by 54.6% during the 2nd quarter. Creative Planning now owns 9,196 shares of the company’s stock worth $1,284,000 after acquiring an additional 3,249 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Hyatt Hotels by 3.3% during the 2nd quarter. Cetera Investment Advisers now owns 8,665 shares of the company’s stock valued at $1,210,000 after acquiring an additional 278 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in shares of Hyatt Hotels by 2.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 22,532 shares of the company’s stock valued at $3,147,000 after acquiring an additional 550 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on H. Wells Fargo & Company boosted their target price on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Evercore reiterated an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Stifel Nicolaus upped their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, December 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $175.80.

Insider Buying and Selling

In related news, insider Kinsey Wolf sold 400 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the transaction, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. This trade represents a 42.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 23.70% of the stock is currently owned by company insiders.

Hyatt Hotels Stock Up 0.1%

H stock opened at $145.72 on Wednesday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $180.53. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The company has a market cap of $13.77 billion, a PE ratio of -260.22, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. The business’s 50-day simple moving average is $159.24 and its 200 day simple moving average is $155.02.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, research 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 Thursday, March 12th. Investors of record on Monday, March 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is presently -107.14%.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.