Geode Capital Management LLC Has $120.15 Million Stock Holdings in Hyatt Hotels Corporation $H

Geode Capital Management LLC increased its position in shares of Hyatt Hotels Corporation (NYSE:H) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 751,607 shares of the company’s stock after purchasing an additional 6,849 shares during the period. Geode Capital Management LLC’s holdings in Hyatt Hotels were worth $120,153,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. raised its stake in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 107 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Hyatt Hotels in the third quarter valued at $34,000. Ares Financial Consulting LLC bought a new position in shares of Hyatt Hotels in the fourth quarter valued at about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Hyatt Hotels in the fourth quarter worth about $37,000. 73.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Mizuho increased their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Sanford C. Bernstein boosted their target price on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, HSBC upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and a consensus price target of $192.40.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total value of $195,780.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Udell sold 2,087 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total value of $392,356.00. Following the transaction, the insider owned 16,638 shares in the company, valued at $3,127,944. The trade was a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 237,458 shares of company stock worth $40,093,807 over the last three months. 23.60% of the stock is currently owned by corporate insiders.

Hyatt Hotels Stock Performance

Shares of H stock opened at $192.92 on Friday. Hyatt Hotels Corporation has a 52 week low of $127.59 and a 52 week high of $195.04. The company has a market capitalization of $18.17 billion, a price-to-earnings ratio of -551.19 and a beta of 1.33. The company has a 50-day simple moving average of $165.53 and a 200 day simple moving average of $162.08. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm earned $0.46 EPS. On average, sell-side analysts predict that Hyatt Hotels Corporation will post 3.59 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently -171.43%.

About Hyatt Hotels

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.