Hyatt Hotels Co. (NYSE:H) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 60.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,105 shares of the company's stock after selling 15,275 shares during the period. KBC Group NV's holdings in Hyatt Hotels were worth $1,538,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in Hyatt Hotels by 12.3% during the 3rd quarter. Victory Capital Management Inc. now owns 29,076 shares of the company's stock valued at $4,425,000 after purchasing an additional 3,176 shares during the period. Aigen Investment Management LP purchased a new position in shares of Hyatt Hotels in the 3rd quarter valued at approximately $621,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Hyatt Hotels by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,971 shares of the company's stock valued at $12,933,000 after purchasing an additional 610 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Hyatt Hotels by 18.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,917 shares of the company's stock valued at $596,000 after purchasing an additional 622 shares during the period. Finally, Bridges Investment Management Inc. lifted its stake in shares of Hyatt Hotels by 7.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 4,242 shares of the company's stock valued at $646,000 after purchasing an additional 287 shares during the period. 71.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

H has been the topic of a number of recent research reports. Evercore ISI upped their price objective on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Susquehanna cut their price objective on shares of Hyatt Hotels from $160.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, August 14th. Macquarie cut their price objective on shares of Hyatt Hotels from $165.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group assumed coverage on Hyatt Hotels in a research report on Wednesday, September 18th. They issued a "neutral" rating and a $151.00 price target for the company. Finally, Robert W. Baird lifted their price target on Hyatt Hotels from $157.00 to $158.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Hyatt Hotels currently has a consensus rating of "Hold" and an average target price of $151.57.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at $92,373,585.84. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.50% of the company's stock.

Hyatt Hotels Trading Up 0.4 %

Shares of NYSE:H traded up $0.54 on Tuesday, hitting $153.26. 526,101 shares of the company's stock were exchanged, compared to its average volume of 586,261. Hyatt Hotels Co. has a 12 month low of $112.85 and a 12 month high of $162.24. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 11.55 and a beta of 1.50. The business's 50 day simple moving average is $152.26 and its two-hundred day simple moving average is $149.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period last year, the company posted $0.70 earnings per share. Analysts anticipate that Hyatt Hotels Co. will post 3.85 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels's 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.