First Horizon Advisors Inc. Cuts Stock Position in Hyatt Hotels Co. (NYSE:H)

First Horizon Advisors Inc. decreased its position in Hyatt Hotels Co. (NYSE:H) by 13.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437 shares of the company’s stock after selling 67 shares during the quarter. First Horizon Advisors Inc.’s holdings in Hyatt Hotels were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in H. Principal Financial Group Inc. raised its stake in shares of Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the last quarter. Fiera Capital Corp lifted its position in shares of Hyatt Hotels by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock worth $87,209,000 after purchasing an additional 6,896 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Hyatt Hotels by 10.6% during the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock valued at $73,822,000 after buying an additional 46,574 shares during the period. Bank of New York Mellon Corp raised its stake in Hyatt Hotels by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock worth $71,371,000 after buying an additional 20,997 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Hyatt Hotels by 9.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock valued at $54,016,000 after acquiring an additional 29,300 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Trading Up 0.1 %

H opened at $156.23 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 11.77 and a beta of 1.50. The business has a fifty day moving average price of $152.88 and a 200 day moving average price of $149.34. Hyatt Hotels Co. has a 12 month low of $112.85 and a 12 month high of $162.24.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $0.70 earnings per share. Sell-side analysts expect that Hyatt Hotels Co. will post 3.91 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. Hyatt Hotels’s payout ratio is 4.52%.

Analyst Ratings Changes

Several research firms recently weighed in on H. Sanford C. Bernstein dropped their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Barclays dropped their price target on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company lowered their price objective on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Evercore ISI increased their target price on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Finally, Macquarie dropped their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $151.57.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 23.50% of the company’s stock.

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.