Raymond James Financial Inc. Invests $77.14 Million in Hyatt Hotels Co. (NYSE:H)

Raymond James Financial Inc. acquired a new position in shares of Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 491,377 shares of the company’s stock, valued at approximately $77,136,000. Raymond James Financial Inc. owned 0.51% of Hyatt Hotels at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in H. Bamco Inc. NY raised its holdings in Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Hyatt Hotels by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock worth $422,960,000 after purchasing an additional 46,413 shares in the last quarter. Wellington Management Group LLP raised its holdings in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares in the last quarter. State Street Corp raised its holdings in Hyatt Hotels by 0.4% during the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock worth $219,343,000 after purchasing an additional 6,007 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Hyatt Hotels by 1.0% during the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after purchasing an additional 7,440 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley dropped their target price on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 4th. Mizuho dropped their price target on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Evercore ISI raised Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Wednesday, March 5th. Finally, Wells Fargo & Company dropped their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $162.24.

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Trading Down 0.9 %

Hyatt Hotels stock opened at $135.86 on Monday. The company’s fifty day simple moving average is $151.47 and its 200-day simple moving average is $152.71. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 12 month low of $128.91 and a 12 month high of $168.20. The stock has a market cap of $13.06 billion, a P/E ratio of 10.92 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. As a group, sell-side analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 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.