APG Asset Management N.V. Purchases New Holdings in Hyatt Hotels Co. (NYSE:H)

APG Asset Management N.V. bought a new stake in Hyatt Hotels Co. (NYSE:H) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,700 shares of the company’s stock, valued at approximately $524,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rathbones Group PLC acquired a new position in shares of Hyatt Hotels during the fourth quarter worth about $220,000. KBC Group NV increased its position in Hyatt Hotels by 907.4% during the 4th quarter. KBC Group NV now owns 9,369 shares of the company’s stock worth $1,222,000 after purchasing an additional 8,439 shares during the period. Blueshift Asset Management LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $580,000. American International Group Inc. lifted its holdings in shares of Hyatt Hotels by 15,334.4% in the 4th quarter. American International Group Inc. now owns 59,731 shares of the company’s stock valued at $7,790,000 after buying an additional 59,344 shares during the period. Finally, Clear Street Markets LLC purchased a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $288,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on H. Deutsche Bank Aktiengesellschaft reduced their target price on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Stifel Nicolaus upped their price target on Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus target price of $148.21.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $149.50 on Wednesday. The firm’s 50-day moving average is $146.04 and its two-hundred day moving average is $149.57. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $15.13 billion, a P/E ratio of 23.21 and a beta of 1.50. 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 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the company earned $0.82 EPS. Equities analysts predict that Hyatt Hotels Co. will post 3.95 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.15 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels’s payout ratio is currently 9.32%.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’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 sale, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels 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.