TD Asset Management Inc Cuts Position in Hyatt Hotels Co. (NYSE:H)

TD Asset Management Inc lessened its position in shares of Hyatt Hotels Co. (NYSE:H) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,240 shares of the company’s stock after selling 290 shares during the quarter. TD Asset Management Inc’s holdings in Hyatt Hotels were worth $492,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Hyatt Hotels by 165.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock worth $8,601,000 after purchasing an additional 33,603 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Hyatt Hotels by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock worth $8,864,000 after purchasing an additional 146 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Hyatt Hotels by 31.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,485 shares of the company’s stock worth $6,300,000 after purchasing an additional 9,559 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Hyatt Hotels in the 1st quarter worth approximately $3,413,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Hyatt Hotels by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after purchasing an additional 144,356 shares during the period. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Trading Up 0.3 %

H opened at $145.68 on Monday. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 22.62 and a beta of 1.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $162.24. The stock has a fifty day moving average price of $146.48 and a 200-day moving average price of $149.90.

Hyatt Hotels (NYSE:H) last released its quarterly 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 firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company posted $0.82 EPS. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 3.97 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Analyst Ratings Changes

H has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a report on Tuesday, August 20th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Morgan Stanley dropped their price objective on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Truist Financial dropped their price objective on Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, Sanford C. Bernstein dropped their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $148.06.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Company 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.