BNP Paribas Financial Markets Sells 4,602 Shares of Hyatt Hotels Corporation $H

BNP Paribas Financial Markets lessened its position in Hyatt Hotels Corporation (NYSE:H) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 43,174 shares of the company’s stock after selling 4,602 shares during the period. BNP Paribas Financial Markets’ holdings in Hyatt Hotels were worth $6,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Hyatt Hotels in the 4th quarter worth $15,069,000. Eurizon Capital SGR S.p.A. bought a new position in Hyatt Hotels in the 4th quarter worth $577,000. Northwestern Mutual Wealth Management Co. raised its holdings in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after acquiring an additional 79 shares during the period. Geode Capital Management LLC raised its holdings in Hyatt Hotels by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 751,607 shares of the company’s stock worth $120,153,000 after acquiring an additional 6,849 shares during the period. Finally, Allstate Corp bought a new position in Hyatt Hotels in the 4th quarter worth $338,000. Institutional investors own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Thursday, June 4th. Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.40.

Insiders Place Their Bets

In related news, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the transaction, the director owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the transaction, the insider directly owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 237,458 shares of company stock valued at $40,093,807 in the last quarter. Company insiders own 23.60% of the company’s stock.

Hyatt Hotels Stock Up 0.2%

NYSE H opened at $194.08 on Wednesday. The stock has a fifty day moving average of $167.52 and a 200-day moving average of $162.79. The stock has a market capitalization of $18.27 billion, a P/E ratio of -554.50 and a beta of 1.33. Hyatt Hotels Corporation has a 52 week low of $127.59 and a 52 week high of $199.87. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period in the prior year, the business posted $0.46 earnings per share. On average, equities research analysts forecast that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is -171.43%.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.