Hyatt Hotels Co. (NYSE:H) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in Hyatt Hotels Co. (NYSE:H) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 409,600 shares of the company’s stock after purchasing an additional 54,700 shares during the period. Handelsbanken Fonder AB’s holdings in Hyatt Hotels were worth $64,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of H. Bamco Inc. NY grew its position in Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the period. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock worth $422,960,000 after acquiring an additional 46,413 shares during the period. Wellington Management Group LLP raised its position in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after acquiring an additional 56,082 shares in the last quarter. State Street Corp lifted its holdings in Hyatt Hotels by 0.4% in the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after acquiring an additional 6,007 shares during the period. Finally, Geode Capital Management LLC boosted its position in Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after purchasing an additional 7,440 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Robert W. Baird dropped their target price on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group raised their price objective on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $162.29.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

H stock opened at $146.97 on Thursday. Hyatt Hotels Co. has a 1 year low of $128.91 and a 1 year high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $14.11 billion, a PE ratio of 11.81 and a beta of 1.48. The business has a 50 day simple moving average of $155.91 and a 200-day simple moving average of $152.49.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the business earned $0.64 earnings per share. Equities research analysts anticipate that Hyatt Hotels Co. will post 3.68 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a $0.15 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.41%. Hyatt Hotels’s payout ratio is 4.82%.

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.