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

Geode Capital Management LLC boosted its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 752,105 shares of the company's stock after buying an additional 7,440 shares during the period. Geode Capital Management LLC owned approximately 0.78% of Hyatt Hotels worth $114,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Hyatt Hotels in the 2nd quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Hyatt Hotels in the 3rd quarter valued at $30,000. Blue Trust Inc. boosted its holdings in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company's stock valued at $49,000 after purchasing an additional 213 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Hyatt Hotels by 1,107.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company's stock valued at $50,000 after purchasing an additional 310 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in Hyatt Hotels in the 3rd quarter valued at $51,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on H. HSBC downgraded shares of Hyatt Hotels from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a report on Friday, November 1st. Truist Financial dropped their price objective 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. Barclays lifted their price objective on shares of Hyatt Hotels from $144.00 to $161.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Evercore ISI boosted their price target on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Finally, Mizuho cut their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $152.88.

Insider Buying and Selling

In related news, insider Mark R. Vondrasek sold 3,776 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Stock Down 4.0 %

Shares of NYSE H traded down $6.33 on Wednesday, reaching $151.31. 524,468 shares of the company's stock traded hands, compared to its average volume of 584,417. The business's 50 day simple moving average is $155.25 and its two-hundred day simple moving average 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 quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 11.40 and a beta of 1.50.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, equities research analysts forecast that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels's dividend payout ratio is currently 4.52%.

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.