Truist Financial Corp Buys Shares of 1,958 Hyatt Hotels Co. (NYSE:H)

Truist Financial Corp purchased a new stake in shares of Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,958 shares of the company’s stock, valued at approximately $307,000.

A number of other institutional investors have also modified their holdings of H. Icon Wealth Advisors LLC increased its position in Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after buying an additional 130,724 shares in the last quarter. KBC Group NV grew its stake in shares of Hyatt Hotels by 978.3% during the fourth quarter. KBC Group NV now owns 108,966 shares of the company’s stock worth $17,106,000 after acquiring an additional 98,861 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after acquiring an additional 68,608 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Hyatt Hotels by 87.2% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 140,805 shares of the company’s stock valued at $21,431,000 after purchasing an additional 65,577 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Hyatt Hotels by 3.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group upped their target price on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Macquarie cut their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Finally, StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and an average price target of $163.13.

Hyatt Hotels Stock Performance

Shares of H stock opened at $140.05 on Thursday. The company has a market capitalization of $13.47 billion, a P/E ratio of 11.26 and a beta of 1.51. Hyatt Hotels Co. has a 12-month low of $128.91 and a 12-month high of $168.20. The business’s 50 day moving average is $152.75 and its two-hundred day moving average is $152.87. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the prior year, the business posted $0.64 EPS. Analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.43%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Insider Activity at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.50% of the stock is currently owned by corporate 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.