Hyatt Hotels Co. (NYSE:H) Position Boosted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its holdings in Hyatt Hotels Co. (NYSE:H) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,676 shares of the company’s stock after buying an additional 605 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Hyatt Hotels were worth $1,470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in H. Norges Bank bought a new position in Hyatt Hotels during the 4th quarter valued at $72,086,000. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Hyatt Hotels during the 4th quarter valued at $57,284,000. Artemis Investment Management LLP acquired a new stake in shares of Hyatt Hotels during the 1st quarter valued at $48,302,000. Allspring Global Investments Holdings LLC lifted its position in shares of Hyatt Hotels by 333.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after acquiring an additional 199,773 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the last quarter. 71.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Evercore ISI cut their price objective on Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Wednesday, August 7th. Sanford C. Bernstein reduced their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Susquehanna reduced their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Truist Financial reduced their price objective on Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Mizuho reduced their price objective on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. One equities research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $148.21.

Hyatt Hotels Trading Down 2.2 %

Shares of H opened at $151.49 on Tuesday. Hyatt Hotels Co. has a 12-month low of $96.77 and a 12-month high of $162.24. 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 firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 23.52 and a beta of 1.50. The stock’s 50-day moving average price is $146.22 and its 200 day moving average price is $149.62.

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

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Tuesday, August 27th. Hyatt Hotels’s payout ratio is 9.32%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.