Hyatt Hotels Corporation (NYSE:H) Shares Sold by KBC Group NV

KBC Group NV lowered its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 90.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,145 shares of the company’s stock after selling 98,821 shares during the quarter. KBC Group NV’s holdings in Hyatt Hotels were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in Hyatt Hotels by 127.9% during the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company’s stock worth $1,346,000 after purchasing an additional 6,170 shares in the last quarter. TT International Asset Management LTD grew its position in shares of Hyatt Hotels by 10.0% during the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company’s stock worth $4,535,000 after acquiring an additional 3,360 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $307,000. Massachusetts Financial Services Co. MA grew its position in shares of Hyatt Hotels by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock worth $447,376,000 after acquiring an additional 9,477 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new position in shares of Hyatt Hotels during the first quarter worth approximately $490,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Macquarie lowered their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus lowered their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Truist Financial lowered their target price on shares of Hyatt Hotels from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Finally, The Goldman Sachs Group raised their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a “sell” rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $150.63.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $147.36 on Friday. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The business has a fifty day moving average of $130.93 and a two-hundred day moving average of $136.18. The company has a market cap of $14.07 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned $0.71 earnings per share. As a group, analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 7.79%.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 1,000 shares of Hyatt Hotels stock in a transaction on Friday, June 20th. The stock was sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the transaction, the director owned 498 shares of the company’s stock, valued at $66,084.60. The trade was a 66.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of Hyatt Hotels stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $7,083,672.75. The disclosure for this sale can be found here. Insiders have sold 371,111 shares of company stock valued at $49,273,516 in the last quarter. Corporate insiders own 23.70% of the company’s stock.

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.