Northern Trust Corp decreased its position in shares of Hyatt Hotels Co. (NYSE:H) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 233,705 shares of the company’s stock after selling 5,095 shares during the quarter. Northern Trust Corp’s holdings in Hyatt Hotels were worth $18,029,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cutler Group LP acquired a new position in Hyatt Hotels during the second quarter worth approximately $154,000. Point72 Hong Kong Ltd increased its holdings in shares of Hyatt Hotels by 54.7% in the second quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock valued at $195,000 after purchasing an additional 892 shares during the period. Intrust Bank NA acquired a new position in shares of Hyatt Hotels in the second quarter valued at approximately $210,000. Vident Investment Advisory LLC acquired a new position in shares of Hyatt Hotels in the second quarter valued at approximately $225,000. Finally, Suntrust Banks Inc. acquired a new position in shares of Hyatt Hotels in the first quarter valued at approximately $240,000. 37.36% of the stock is currently owned by institutional investors.
Hyatt Hotels stock opened at $71.59 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. Hyatt Hotels Co. has a 1-year low of $64.82 and a 1-year high of $84.89. The company has a market capitalization of $7.40 billion, a P/E ratio of 40.22, a price-to-earnings-growth ratio of 4.27 and a beta of 1.25.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. Hyatt Hotels had a return on equity of 4.99% and a net margin of 17.80%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $0.26 earnings per share. On average, equities analysts anticipate that Hyatt Hotels Co. will post 1.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 28th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 33.71%.
A number of research firms have recently issued reports on H. Berenberg Bank lowered Hyatt Hotels from a “buy” rating to a “hold” rating and boosted their target price for the company from $83.00 to $87.50 in a report on Thursday, July 19th. Zacks Investment Research raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Monday, July 9th. Jefferies Financial Group reissued a “hold” rating and issued a $84.00 target price on shares of Hyatt Hotels in a report on Thursday, October 4th. Longbow Research began coverage on Hyatt Hotels in a report on Friday, September 7th. They issued a “buy” rating and a $99.00 target price on the stock. Finally, SunTrust Banks dropped their target price on Hyatt Hotels to $78.00 and set a “hold” rating on the stock in a report on Thursday. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $82.91.
In related news, insider 8-26-22 Gp Llc sold 196,719 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $78.09, for a total value of $15,361,786.71. Following the sale, the insider now directly owns 100,000 shares in the company, valued at $7,809,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider H Co Lp Lci sold 110,480 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total value of $8,701,404.80. The disclosure for this sale can be found here. 18.40% of the stock is owned by insiders.
Hyatt Hotels Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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