Harvest Portfolios Group Inc. Sells 1,629 Shares of Hyatt Hotels Corporation $H

Harvest Portfolios Group Inc. cut its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 12.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,217 shares of the company’s stock after selling 1,629 shares during the period. Harvest Portfolios Group Inc.’s holdings in Hyatt Hotels were worth $1,566,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new stake in Hyatt Hotels during the first quarter worth about $31,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Hyatt Hotels by 18,500.0% in the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $52,000 after buying an additional 370 shares in the last quarter. Fifth Third Bancorp increased its holdings in Hyatt Hotels by 33.2% during the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock worth $54,000 after buying an additional 96 shares during the last quarter. Finally, Harold Davidson & Associates Inc. bought a new stake in Hyatt Hotels during the first quarter worth $203,000. Institutional investors own 73.54% of the company’s stock.

Insider Activity at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the transaction, the insider directly owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on H shares. Wall Street Zen downgraded shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Hyatt Hotels in a research note on Wednesday, October 8th. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th. Finally, Truist Financial increased their price target on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $155.47 on Friday. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.54 and a beta of 1.43. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The stock’s 50 day moving average is $144.12 and its 200-day moving average is $138.74.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be paid a $0.15 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is 14.25%.

Hyatt Hotels Company 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.