World Investment Advisors LLC Buys New Position in Hyatt Hotels Co. (NYSE:H)

World Investment Advisors LLC purchased a new position in Hyatt Hotels Co. (NYSE:H - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,701 shares of the company's stock, valued at approximately $4,520,000.

A number of other large investors have also added to or reduced their stakes in the company. Andra AP fonden raised its holdings in Hyatt Hotels by 51.2% in the second quarter. Andra AP fonden now owns 35,400 shares of the company's stock worth $5,378,000 after buying an additional 11,994 shares during the last quarter. III Capital Management purchased a new position in Hyatt Hotels in the second quarter worth about $871,000. Assetmark Inc. raised its holdings in Hyatt Hotels by 162.2% in the third quarter. Assetmark Inc. now owns 49,041 shares of the company's stock worth $7,464,000 after buying an additional 30,339 shares during the last quarter. Bamco Inc. NY raised its holdings in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock worth $834,574,000 after buying an additional 68,608 shares during the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in Hyatt Hotels by 17,641.6% in the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company's stock worth $20,009,000 after buying an additional 130,724 shares during the last quarter. Institutional investors own 73.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on H. HSBC downgraded shares of Hyatt Hotels from a "buy" rating to a "hold" rating and set a $156.00 price objective on the stock. in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an "overweight" rating in a research report on Friday. The Goldman Sachs Group raised their price objective on shares of Hyatt Hotels from $151.00 to $167.00 and gave the company a "neutral" rating in a research report on Tuesday. Robert W. Baird raised their price objective on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, Truist Financial decreased their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Hyatt Hotels currently has an average rating of "Hold" and a consensus price target of $152.88.

Hyatt Hotels Trading Down 0.4 %

H stock traded down $0.65 during mid-day trading on Friday, hitting $158.88. 141,825 shares of the company were exchanged, compared to its average volume of 584,712. 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 firm has a market capitalization of $15.26 billion, a P/E ratio of 11.93 and a beta of 1.50. The business has a fifty day simple moving average of $154.88 and a 200-day simple moving average of $150.27. Hyatt Hotels Co. has a 12-month low of $124.40 and a 12-month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share 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 net margin of 20.55% and a return on equity of 10.74%. During the same quarter last year, the firm posted $0.70 earnings per share. On average, equities research analysts predict that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Friday, November 22nd. Hyatt Hotels's payout ratio is 4.52%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels 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 transaction of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company's stock, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.50% of the stock is owned by corporate insiders.

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.