The Manufacturers Life Insurance Company Has $5.63 Million Holdings in Hyatt Hotels Co. (NYSE:H)

The Manufacturers Life Insurance Company cut its position in shares of Hyatt Hotels Co. (NYSE:H) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,969 shares of the company’s stock after selling 1,672 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Hyatt Hotels were worth $5,627,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of H. Principal Financial Group Inc. lifted its stake in Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after buying an additional 162,562 shares during the period. Fiera Capital Corp boosted its stake in Hyatt Hotels by 1.2% during the second quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock worth $87,209,000 after acquiring an additional 6,896 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hyatt Hotels by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock worth $73,822,000 after purchasing an additional 46,574 shares during the period. Bank of New York Mellon Corp increased its stake in Hyatt Hotels by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock valued at $71,371,000 after purchasing an additional 20,997 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Hyatt Hotels by 9.0% during the third quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock valued at $54,016,000 after purchasing an additional 29,300 shares during the period. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

H has been the subject of several research reports. Stifel Nicolaus boosted their target price on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group began coverage on Hyatt Hotels in a research report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price on the stock. Robert W. Baird lifted their price target on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays lowered their price objective on shares of Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, Sanford C. Bernstein reduced their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average target price of $151.88.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Performance

NYSE H opened at $164.62 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $15.81 billion, a PE ratio of 12.36 and a beta of 1.50. Hyatt Hotels Co. has a 52-week low of $117.86 and a 52-week high of $165.57. The company has a 50-day simple moving average of $153.91 and a 200 day simple moving average of $149.77.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, research analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.36%. Hyatt Hotels’s dividend payout ratio is presently 4.52%.

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.