Deutsche Bank AG Decreases Stock Position in Hyatt Hotels Corporation (NYSE:H)

Deutsche Bank AG decreased its position in shares of Hyatt Hotels Corporation (NYSE:H) by 13.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 220,672 shares of the company’s stock after selling 34,891 shares during the period. Deutsche Bank AG’s holdings in Hyatt Hotels were worth $27,032,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC grew its position in shares of Hyatt Hotels by 3.4% during the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock worth $440,000 after buying an additional 92 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Hyatt Hotels by 5.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company’s stock valued at $256,000 after acquiring an additional 110 shares during the last quarter. Snowden Capital Advisors LLC grew its holdings in Hyatt Hotels by 2.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company’s stock worth $789,000 after acquiring an additional 116 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels in the 4th quarter worth about $26,000. Finally, State of Michigan Retirement System raised its stake in shares of Hyatt Hotels by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 10,200 shares of the company’s stock valued at $1,250,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Activity at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the transaction, the director directly owned 498 shares in the company, valued at $66,084.60. This trade represents a 66.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the sale, the director directly owned 37,825 shares in the company, valued at approximately $5,106,375. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,491 shares of company stock valued at $870,211 over the last quarter. Corporate insiders own 23.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on H shares. Truist Financial lowered their price objective on Hyatt Hotels from $156.00 to $140.00 and set a “buy” rating for the company in a report on Friday, May 30th. Morgan Stanley lowered their price target on Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, The Goldman Sachs Group raised their price target 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.26.

Hyatt Hotels Stock Performance

Shares of H stock opened at $140.66 on Wednesday. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $168.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.98. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 2.29 and a beta of 1.46. The business has a 50 day simple moving average of $140.72 and a 200 day simple moving average of $133.88.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $1.53 earnings per share. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Hyatt Hotels’s payout ratio is 14.25%.

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.