Geode Capital Management LLC Acquires 7,440 Shares of Hyatt Hotels Co. (NYSE:H)

Geode Capital Management LLC lifted its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 1.0% during the 3rd quarter, Holdings Channel reports. The firm owned 752,105 shares of the company’s stock after purchasing an additional 7,440 shares during the period. Geode Capital Management LLC’s holdings in Hyatt Hotels were worth $114,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC increased its position in shares of Hyatt Hotels by 2.3% in the third quarter. Barclays PLC now owns 45,648 shares of the company’s stock worth $6,946,000 after purchasing an additional 1,032 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Hyatt Hotels by 19.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 13,996 shares of the company’s stock worth $2,130,000 after buying an additional 2,300 shares in the last quarter. MML Investors Services LLC increased its holdings in Hyatt Hotels by 5.3% in the 3rd quarter. MML Investors Services LLC now owns 5,249 shares of the company’s stock valued at $799,000 after buying an additional 262 shares during the period. Kensington Investment Counsel LLC raised its position in shares of Hyatt Hotels by 2.9% in the 3rd quarter. Kensington Investment Counsel LLC now owns 13,509 shares of the company’s stock valued at $2,056,000 after buying an additional 377 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Hyatt Hotels during the 3rd quarter worth approximately $1,587,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on H shares. Macquarie decreased their price objective on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Bank of America lifted their price target on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Truist Financial dropped their price objective on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Finally, Mizuho dropped their target price on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus target price of $152.88.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 23.50% of the stock is owned by company insiders.

Hyatt Hotels Stock Down 1.5 %

Shares of H opened at $157.57 on Wednesday. The stock’s 50-day moving average price is $155.25 and its two-hundred day moving average price is $150.57. Hyatt Hotels Co. has a 12 month low of $124.40 and a 12 month high of $168.20. The company has a market capitalization of $15.13 billion, a PE ratio of 11.87 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.70 earnings per share. On average, analysts anticipate that Hyatt Hotels Co. will post 3.89 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is presently 4.52%.

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.