Swiss National Bank Purchases 800 Shares of Hyatt Hotels Co. (NYSE:H)

Swiss National Bank lifted its holdings in Hyatt Hotels Co. (NYSE:H) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 134,000 shares of the company’s stock after buying an additional 800 shares during the period. Swiss National Bank’s holdings in Hyatt Hotels were worth $20,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC bought a new position in Hyatt Hotels during the first quarter worth $26,000. Summit Securities Group LLC bought a new position in shares of Hyatt Hotels during the 2nd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Hyatt Hotels in the 3rd quarter valued at about $30,000. Blue Trust Inc. increased its position in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Hyatt Hotels during the 1st quarter worth approximately $53,000. 71.02% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Stock Up 0.6 %

Hyatt Hotels stock opened at $155.78 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $14.96 billion, a P/E ratio of 11.74 and a beta of 1.50. The firm has a 50 day moving average price of $152.66 and a 200-day moving average price of $149.30. Hyatt Hotels Co. has a twelve month low of $112.85 and a twelve month high of $162.24.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period last year, the business posted $0.70 earnings per share. As a group, equities analysts predict that Hyatt Hotels Co. will post 3.91 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insiders Place Their Bets

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. This represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on H. Evercore ISI raised their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. HSBC lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research note on Friday, November 1st. Truist Financial decreased their target price on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus target price of $151.57.

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.