Hyatt Hotels Corporation $H Shares Sold by Swedbank AB

Swedbank AB trimmed its holdings in Hyatt Hotels Corporation (NYSE:H) by 35.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,648 shares of the company’s stock after selling 8,637 shares during the quarter. Swedbank AB’s holdings in Hyatt Hotels were worth $2,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $532,000. Global Retirement Partners LLC boosted its holdings in Hyatt Hotels by 1,710.0% in the fourth quarter. Global Retirement Partners LLC now owns 362 shares of the company’s stock valued at $58,000 after purchasing an additional 342 shares in the last quarter. Leonteq Securities AG acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $70,000. ABN Amro Investment Solutions acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $238,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in Hyatt Hotels by 6.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 84,223 shares of the company’s stock valued at $13,503,000 after purchasing an additional 5,203 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Hyatt Hotels

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: Truist Financial raised its price target on Hyatt Hotels to $187 from $181 and reiterated a buy rating, reinforcing the view that the stock still has room to run. Article Title
• Positive Sentiment: Several analysts remain constructive on Hyatt, with Sanford C. Bernstein lifting its target to $202 and the broader consensus still sitting at Moderate Buy, which supports investor optimism.
• Neutral Sentiment: Hyatt continues to show solid recent operating momentum after reporting Q1 EPS of $0.63, ahead of estimates, and revenue of $1.75 billion, also slightly above expectations. Article Title
• Neutral Sentiment: Institutional investors such as Goldman Sachs and UBS AM increased holdings in Hyatt, suggesting ongoing support from large shareholders. Article Title
• Negative Sentiment: Director Susan Kronick sold 1,119 shares, and Director Cary D. Mcmillan also sold 1,119 shares; although both trades were made under pre-arranged 10b5-1 plans, insider selling can still weigh on sentiment. Article Title

Insider Buying and Selling at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,119 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 545 shares of the company’s stock, valued at $80,267.60. This trade represents a 42.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 225,154 shares of company stock valued at $37,804,562. Corporate insiders own 23.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on H. Truist Financial boosted their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein boosted their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Susquehanna reduced their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Wells Fargo & Company boosted their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Finally, Barclays boosted their price objective on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $185.50.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $183.46 on Thursday. Hyatt Hotels Corporation has a twelve month low of $127.54 and a twelve month high of $183.71. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $159.83 and a two-hundred day moving average of $160.59. The stock has a market cap of $17.27 billion, a P/E ratio of -524.17 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, research analysts forecast that Hyatt Hotels Corporation will post 3.48 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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