DekaBank Deutsche Girozentrale Sells 677 Shares of Hyatt Hotels Co. (NYSE:H)

DekaBank Deutsche Girozentrale reduced its stake in shares of Hyatt Hotels Co. (NYSE:H) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,427 shares of the company’s stock after selling 677 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hyatt Hotels were worth $857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. LRI Investments LLC bought a new stake in shares of Hyatt Hotels in the first quarter worth about $26,000. Summit Securities Group LLC bought a new stake in shares of Hyatt Hotels in the second quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels in the third quarter worth about $30,000. Blue Trust Inc. grew its stake in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Hyatt Hotels in the first quarter worth about $53,000. 71.02% of the stock is owned by institutional investors.

Hyatt Hotels Price Performance

Shares of H opened at $145.04 on Friday. The company has a market capitalization of $14.55 billion, a P/E ratio of 10.93 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $150.93 and a 200 day moving average of $148.93. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $162.24.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.75%. During the same quarter last year, the firm earned $0.70 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 3.87 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

H has been the topic of several recent analyst reports. Cfra set a $155.00 target price on Hyatt Hotels in a research note on Thursday, October 17th. Bank of America raised their price objective on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Robert W. Baird set a $157.00 price objective on shares of Hyatt Hotels in a report on Thursday, October 17th. Wells Fargo & Company lowered their price objective on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Friday. Finally, HSBC lowered 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. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $151.62.

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.