Sequoia Financial Advisors LLC Boosts Stock Position in Hyatt Hotels Corporation $H

Sequoia Financial Advisors LLC raised its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 26.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,066 shares of the company’s stock after acquiring an additional 852 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Hyatt Hotels were worth $568,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Hyatt Hotels by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company’s stock valued at $480,260,000 after purchasing an additional 21,190 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Hyatt Hotels by 16.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock valued at $384,132,000 after purchasing an additional 441,417 shares during the period. Bank of Nova Scotia grew its stake in shares of Hyatt Hotels by 9.3% during the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company’s stock valued at $229,987,000 after purchasing an additional 160,461 shares during the period. Wellington Management Group LLP grew its stake in shares of Hyatt Hotels by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company’s stock valued at $220,578,000 after purchasing an additional 116,813 shares during the period. Finally, Long Pond Capital LP bought a new stake in shares of Hyatt Hotels during the 1st quarter valued at about $191,922,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total value of $587,395.00. Following the sale, the insider directly owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $145.64 on Monday. The stock’s 50-day simple moving average is $143.08 and its 200-day simple moving average is $135.18. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.29 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $1.53 earnings per share. As a group, analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Hyatt Hotels’s payout ratio is presently 14.25%.

Analyst Ratings Changes

A number of brokerages recently commented on H. Raymond James Financial raised Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 target price on the stock in a report on Tuesday, July 1st. Truist Financial raised their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Barclays decreased their target price on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Robert W. Baird raised their target price on Hyatt Hotels from $148.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $152.56.

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.