TD Asset Management Inc Has $475,000 Stake in Hyatt Hotels Corporation $H

TD Asset Management Inc trimmed its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,400 shares of the company’s stock after selling 200 shares during the quarter. TD Asset Management Inc’s holdings in Hyatt Hotels were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of H. Janney Montgomery Scott LLC bought a new stake in Hyatt Hotels during the first quarter valued at about $488,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company’s stock valued at $256,000 after buying an additional 110 shares during the period. Bessemer Group Inc. lifted its stake in shares of Hyatt Hotels by 17.7% in the first quarter. Bessemer Group Inc. now owns 2,279 shares of the company’s stock valued at $279,000 after buying an additional 343 shares during the period. U S Global Investors Inc. bought a new stake in shares of Hyatt Hotels in the first quarter valued at about $490,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Hyatt Hotels in the first quarter valued at about $760,000. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Performance

NYSE H opened at $148.33 on Friday. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.41 and a beta of 1.41. The company has a 50 day moving average of $143.76 and a 200-day moving average of $135.95. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same quarter last year, the business posted $1.53 earnings per share. On average, equities analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Wall Street Analysts Forecast Growth

H has been the subject of several research reports. Raymond James Financial upgraded shares of Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 target price for the company in a research note on Tuesday, July 1st. Morgan Stanley upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $147.00 to $168.00 in a research note on Wednesday. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their price target for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th. Wall Street Zen cut shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Finally, Barclays cut their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.76.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 23.70% 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.