Hyatt Hotels Corporation $H Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Hyatt Hotels Corporation (NYSE:H) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,333 shares of the company’s stock after acquiring an additional 22,071 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Hyatt Hotels worth $20,911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of H. Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Hyatt Hotels by 84.5% in the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after buying an additional 562,611 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Hyatt Hotels by 24.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after acquiring an additional 545,003 shares during the last quarter. GRS Advisors LLC acquired a new stake in shares of Hyatt Hotels during the 2nd quarter valued at $74,264,000. Finally, Mane Global Capital Management LP bought a new stake in shares of Hyatt Hotels during the 2nd quarter worth $47,007,000. 73.54% of the stock is currently owned by institutional investors.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the transaction, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. This represents a 42.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.70% of the company’s stock.

Wall Street Analyst Weigh In

H has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Citigroup increased their price target on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Barclays upped their price objective on shares of Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.80.

Hyatt Hotels Stock Performance

Shares of H opened at $145.72 on Wednesday. The company has a market capitalization of $13.77 billion, a PE ratio of -260.22, a PEG ratio of 1.72 and a beta of 1.22. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The company’s 50 day moving average price is $159.24 and its 200 day moving average price is $155.02. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $180.53.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same quarter in the prior year, the firm earned $0.42 EPS. Research analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio (DPR) is currently -107.14%.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.