Meiji Yasuda Asset Management Co Ltd. Decreases Stake in Hyatt Hotels Corporation $H

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 8.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,045 shares of the company’s stock after selling 282 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Hyatt Hotels were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels during the 4th quarter worth $26,000. Bank of Jackson Hole Trust purchased a new stake in Hyatt Hotels during the first quarter worth about $31,000. UMB Bank n.a. raised its position in Hyatt Hotels by 138.8% in the first quarter. UMB Bank n.a. now owns 499 shares of the company’s stock worth $61,000 after acquiring an additional 290 shares during the period. Flynn Zito Capital Management LLC boosted its stake in Hyatt Hotels by 13.2% in the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company’s stock valued at $234,000 after acquiring an additional 223 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Hyatt Hotels by 5.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company’s stock valued at $256,000 after acquiring an additional 110 shares during the period. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Down 1.4%

Shares of NYSE:H opened at $142.28 on Thursday. The firm has a fifty day moving average price of $143.88 and a two-hundred day moving average price of $132.34. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.15 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20.

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

Hyatt Hotels Announces Dividend

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

Insider Activity

In related news, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were acquired at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the purchase, the insider directly owned 117,077,441 shares of the company’s stock, valued at approximately $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Udell sold 4,051 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the sale, the insider owned 16,756 shares of the company’s stock, valued at $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

H has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Raymond James Financial upgraded Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 price objective on the stock in a research note on Tuesday, July 1st. Wall Street Zen lowered shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Barclays lowered their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Finally, Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $138.00 to $167.00 in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.68.

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.