Hyatt Hotels Co. (NYSE:H) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in Hyatt Hotels Co. (NYSE:H) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the company’s stock after buying an additional 200 shares during the period. Daiwa Securities Group Inc.’s holdings in Hyatt Hotels were worth $471,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new position in shares of Hyatt Hotels during the first quarter valued at $26,000. Riverview Trust Co bought a new position in Hyatt Hotels during the first quarter valued at about $27,000. Summit Securities Group LLC bought a new position in Hyatt Hotels during the second quarter valued at about $30,000. EntryPoint Capital LLC bought a new position in Hyatt Hotels during the first quarter valued at about $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Hyatt Hotels during the second quarter valued at about $56,000. 71.02% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Stock Down 0.6 %

Shares of NYSE:H opened at $144.77 on Tuesday. The firm has a market cap of $14.65 billion, a P/E ratio of 22.48 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $146.40 and its two-hundred day moving average price is $149.84. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $162.24.

Hyatt Hotels (NYSE:H) last released its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts forecast that Hyatt Hotels Co. will post 3.97 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. Hyatt Hotels’s dividend payout ratio is 9.32%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on H. JPMorgan Chase & Co. raised their price objective on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price target on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Robert W. Baird cut their price target on Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Barclays raised their price target on Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley cut their price objective on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $148.06.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 23.50% of the company’s stock.

About Hyatt Hotels

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.