4 days Ago By Defense World Staff
Envestnet Asset Management Inc. grew its stake in shares of Hyatt Hotels Co. (NYSE:H – Free Report) by 2.
8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,638 shares of the company’s stock after buying an additional 3,028 shares during the period. Envestnet Asset Management Inc.
owned approximately 0.12% of Hyatt Hotels worth $17,682,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds also recently modified their holdings of the company.
Raymond James Financial Inc. acquired a new stake in Hyatt Hotels in the 4th quarter valued at approximately $77,136,000. Norges Bank acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $61,572,000.
KBC Group NV lifted its position in shares of Hyatt Hotels by 978.3% in the fourth quarter. KBC Group NV now owns 108,966 shares of the company’s stock worth $17,106,000 after purchasing an additional 98,861 shares in the last quarter.
Handelsbanken Fonder AB boosted its holdings in Hyatt Hotels by 15.4% during the fourth quarter. Handelsbanken Fonder AB now owns 409,600 shares of the company’s stock worth $64,299,000 after purchasing an additional 54,700 shares during the last quarter.
Finally, Wealthfront Advisers LLC bought a new position in Hyatt Hotels in the fourth quarter valued at $8,269,000. 73.54% of the stock is owned by institutional investors.
Hyatt Hotels Stock Down 0.5 %Hyatt Hotels stock opened at $108.48 on Wednesday.
Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.
20. The firm has a 50 day moving average price of $130.01 and a two-hundred day moving average price of $146.
60. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 8.
72 and a beta of 1.35. The company has a debt-to-equity ratio of 0.
87, a quick ratio of 0.83 and a current ratio of 0.83.
Hyatt Hotels (NYSE:H – Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.
64 by ($0.22). The business had revenue of $1.
60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.
81% and a net margin of 19.50%. During the same period in the prior year, the business earned $0.
64 EPS. Equities analysts predict that Hyatt Hotels Co. will post 3.
05 EPS for the current year. Hyatt Hotels Announces DividendThe company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a $0.
15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.
55%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.
82%. Insiders Place Their BetsIn other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd.
The stock was sold at an average price of $141.78, for a total transaction of $226,848.00.
Following the completion of the transaction, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. The trade was a 4.
05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction dated Wednesday, March 19th.
The shares were sold at an average price of $122.95, for a total transaction of $122,950.00.
Following the completion of the sale, the insider now owns 811 shares of the company’s stock, valued at approximately $99,712.45. This trade represents a 55.
22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,600 shares of company stock worth $1,517,798.
Corporate insiders own 23.50% of the company’s stock. Wall Street Analysts Forecast GrowthH has been the subject of several recent analyst reports.
Truist Financial cut their price objective on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a report on Friday, March 21st.
Morgan Stanley lowered their price objective on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 4th.
Wells Fargo & Company cut their target price on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th.
Evercore ISI raised Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target on the stock in a research report on Wednesday, March 5th. Finally, Robert W.
Baird cut their price objective on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th.
Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $156.
64.Get Our Latest Stock Analysis on Hyatt HotelsHyatt Hotels Profile (Free Report)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.Further ReadingFive stocks we like better than Hyatt HotelsHow Technical Indicators Can Help You Find Oversold Stocks Beware of BigBear.ai: Insiders Are Selling—Should You?Dividend Screener: How to Evaluate Dividend Stocks Before BuyingCrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsUnveiling The Power Of VWAP: A Key Indicator For TradersCongress! Who Traded What During the Tariff-Induced Meltdown.
