Deutsche Bank AG Boosts Holdings in Hyatt Hotels Co. (NYSE:H)

Deutsche Bank AG raised its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 209.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,563 shares of the company’s stock after buying an additional 173,075 shares during the period. Deutsche Bank AG owned about 0.27% of Hyatt Hotels worth $40,118,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at $77,136,000. Invesco Ltd. grew its holdings in Hyatt Hotels by 241.4% during the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after purchasing an additional 480,523 shares during the period. Norges Bank purchased a new stake in Hyatt Hotels in the fourth quarter worth about $61,572,000. Alyeska Investment Group L.P. bought a new position in shares of Hyatt Hotels in the fourth quarter worth about $43,953,000. Finally, KBC Group NV lifted its position in shares of Hyatt Hotels by 978.3% during the 4th quarter. KBC Group NV now owns 108,966 shares of the company’s stock valued at $17,106,000 after buying an additional 98,861 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird cut their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company lowered their price objective on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $151.17.

Insider Activity

In other news, insider Mark R. Vondrasek sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the transaction, the insider now owns 9,337 shares of the company’s stock, valued at approximately $1,090,561.60. This represents a 51.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now owns 811 shares in the company, valued at approximately $99,712.45. The trade was a 55.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock valued at $1,517,798 in the last ninety days. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Trading Up 1.3%

Shares of H opened at $136.64 on Wednesday. The stock has a market capitalization of $13.14 billion, a PE ratio of 10.98 and a beta of 1.36. The company’s fifty day moving average is $118.63 and its 200 day moving average is $141.68. 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 Co. has a fifty-two week low of $102.43 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period last year, the company posted $0.71 EPS. Sell-side analysts expect that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 7.79%.

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.