Federated Hermes Inc. Sells 77 Shares of Hyatt Hotels Co. (NYSE:H)

Federated Hermes Inc. reduced its stake in shares of Hyatt Hotels Co. (NYSE:H) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,711 shares of the company’s stock after selling 77 shares during the period. Federated Hermes Inc.’s holdings in Hyatt Hotels were worth $716,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LRI Investments LLC bought a new position in shares of Hyatt Hotels in the first quarter worth about $26,000. Riverview Trust Co bought a new position in shares of Hyatt Hotels in the first quarter worth about $27,000. Summit Securities Group LLC bought a new position in shares of Hyatt Hotels in the second quarter worth about $30,000. Quadrant Capital Group LLC increased its stake in shares of Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of Hyatt Hotels in the first quarter worth about $53,000. 71.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on H. Mizuho dropped their price objective on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley decreased their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Truist Financial decreased their target price on Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, Sanford C. Bernstein decreased their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and a consensus target price of $148.21.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Stock Up 0.5 %

Shares of H opened at $154.89 on Monday. The company has a market capitalization of $15.67 billion, a P/E ratio of 24.05 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24. The business’s 50 day simple moving average is $146.34 and its 200-day simple moving average is $149.66.

Hyatt Hotels (NYSE:H) last announced its earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the business earned $0.82 EPS. As a group, sell-side analysts predict that Hyatt Hotels Co. will post 3.97 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.39%. The ex-dividend date was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

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.