Franklin Resources Inc. Has $295.48 Million Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Franklin Resources Inc. lessened its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,939,879 shares of the company's stock after selling 4,141 shares during the period. Franklin Resources Inc. owned approximately 2.02% of Hyatt Hotels worth $295,482,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Synovus Financial Corp boosted its position in shares of Hyatt Hotels by 15.4% during the 3rd quarter. Synovus Financial Corp now owns 3,492 shares of the company's stock worth $531,000 after acquiring an additional 467 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Hyatt Hotels during the third quarter worth about $273,000. World Investment Advisors LLC acquired a new stake in shares of Hyatt Hotels in the third quarter valued at approximately $4,520,000. Sanctuary Advisors LLC grew its position in Hyatt Hotels by 30.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,278 shares of the company's stock worth $825,000 after purchasing an additional 1,244 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Hyatt Hotels during the third quarter worth about $1,048,000. Hedge funds and other institutional investors own 73.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Hyatt Hotels from $178.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Barclays upped their price objective on Hyatt Hotels from $144.00 to $161.00 and gave the stock an "equal weight" rating in a report on Friday. Macquarie decreased their target price on shares of Hyatt Hotels from $165.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Truist Financial dropped their target price on shares of Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $163.00 to $168.00 and gave the stock an "overweight" rating in a research note on Friday. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $152.88.

Insider Activity

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction 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 sale, the insider now owns 5,798 shares of the company's stock, valued at $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.50% of the company's stock.

Hyatt Hotels Trading Down 0.3 %

Hyatt Hotels stock traded down $0.54 during trading on Friday, hitting $158.99. The company's stock had a trading volume of 415,102 shares, compared to its average volume of 585,895. The stock's fifty day moving average is $154.99 and its 200 day moving average is $150.36. Hyatt Hotels Co. has a 1-year low of $124.40 and a 1-year high of $168.20. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 11.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion during 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 prior year, the firm posted $0.70 earnings per share. As a group, equities research analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. 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.