Norges Bank Purchases New Stake in Hyatt Hotels Co. (NYSE:H)

Norges Bank acquired a new stake in Hyatt Hotels Co. (NYSE:H - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 392,228 shares of the company's stock, valued at approximately $61,572,000. Norges Bank owned 0.41% of Hyatt Hotels at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of H. Principal Financial Group Inc. grew its stake in Hyatt Hotels by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock worth $422,960,000 after buying an additional 46,413 shares during the last quarter. Wellington Management Group LLP grew its position in Hyatt Hotels by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company's stock worth $267,192,000 after acquiring an additional 56,082 shares during the last quarter. State Street Corp increased its holdings in Hyatt Hotels by 0.4% during the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company's stock valued at $219,343,000 after purchasing an additional 6,007 shares in the last quarter. Geode Capital Management LLC raised its position in Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company's stock valued at $114,214,000 after purchasing an additional 7,440 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Hyatt Hotels in the fourth quarter worth $77,136,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kinsey Wolf sold 1,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the transaction, the insider now owns 811 shares in the company, valued at $99,712.45. The trade was a 55.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,600 shares of company stock worth $1,517,798. Insiders own 23.50% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays cut their price target on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Evercore ISI upgraded shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 target price on the stock in a research report on Wednesday, March 5th. Susquehanna raised their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. The Goldman Sachs Group reduced their price objective on Hyatt Hotels from $170.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Truist Financial decreased their price objective on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $161.97.

Hyatt Hotels Stock Down 4.9 %

Shares of NYSE H traded down $5.61 during mid-day trading on Friday, reaching $109.63. 1,116,841 shares of the company's stock were exchanged, compared to its average volume of 615,980. Hyatt Hotels Co. has a twelve month low of $107.47 and a twelve month high of $168.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 8.81 and a beta of 1.35. The business has a fifty day simple moving average of $138.73 and a 200 day simple moving average of $149.30.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.22). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the previous year, the firm posted $0.64 EPS. As a group, equities analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.55%. Hyatt Hotels's dividend payout ratio (DPR) is presently 4.82%.

About Hyatt Hotels

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.