Daiwa Securities Group Inc. Buys 200 Shares of Hyatt Hotels Co. (NYSE:H)

Daiwa Securities Group Inc. boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,100 shares of the company’s stock after purchasing an additional 200 shares during the period. Daiwa Securities Group Inc.’s holdings in Hyatt Hotels were worth $471,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Hyatt Hotels in the 4th quarter valued at $72,086,000. Bain Capital Public Equity Management II LLC acquired a new stake in Hyatt Hotels during the fourth quarter worth approximately $57,284,000. Franklin Resources Inc. increased its stake in Hyatt Hotels by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after acquiring an additional 432,594 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Hyatt Hotels during the 1st quarter valued at $48,302,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Hyatt Hotels by 333.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares during the period. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

NYSE:H opened at $144.77 on Tuesday. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 22.48 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average of $146.40 and a 200 day moving average of $149.84. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same quarter in the previous year, the company earned $0.82 EPS. On average, research analysts expect that Hyatt Hotels Co. will post 3.97 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s payout ratio is currently 9.32%.

Insider Activity

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $92,373,585.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Macquarie reduced their target price on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research note on Tuesday, August 20th. Susquehanna lowered their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Finally, Truist Financial cut their target price on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and an average price target of $148.06.

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.