Prudential Financial Inc. Sells 432 Shares of Hyatt Hotels Co. (NYSE:H)

Prudential Financial Inc. decreased its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,111 shares of the company’s stock after selling 432 shares during the period. Prudential Financial Inc.’s holdings in Hyatt Hotels were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in H. Principal Financial Group Inc. lifted its stake in Hyatt Hotels by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after acquiring an additional 46,413 shares during the period. State Street Corp raised its stake in Hyatt Hotels by 0.4% during the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after buying an additional 6,007 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hyatt Hotels by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after buying an additional 7,440 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Hyatt Hotels in the fourth quarter worth $77,136,000. Finally, Handelsbanken Fonder AB increased its position in Hyatt Hotels by 15.4% during the fourth quarter. Handelsbanken Fonder AB now owns 409,600 shares of the company’s stock valued at $64,299,000 after acquiring an additional 54,700 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction dated 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 owns 37,927 shares of the company’s stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now owns 9,337 shares in the company, valued at approximately $1,090,561.60. This represents a 51.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,600 shares of company stock valued at $1,517,798. Insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

H has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Evercore ISI raised Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Wednesday, March 5th. Robert W. Baird reduced their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Macquarie cut their price target on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $158.86.

Hyatt Hotels Stock Up 14.3 %

Shares of Hyatt Hotels stock opened at $119.23 on Thursday. Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.20. The firm’s 50 day moving average price is $133.99 and its 200-day moving average price is $147.88. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a market cap of $11.46 billion, a P/E ratio of 9.58 and a beta of 1.35.

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

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

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.