World Investment Advisors LLC Invests $4.52 Million in Hyatt Hotels Co. (NYSE:H)

World Investment Advisors LLC bought a new position in Hyatt Hotels Co. (NYSE:H) in the third quarter, HoldingsChannel.com reports. The fund bought 29,701 shares of the company’s stock, valued at approximately $4,520,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Summit Securities Group LLC bought a new position in Hyatt Hotels in the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels during the 3rd quarter valued at about $30,000. Blue Trust Inc. boosted its stake in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after acquiring an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 1,107.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after purchasing an additional 310 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in Hyatt Hotels during the third quarter worth about $51,000. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels Stock Down 1.2 %

Shares of NYSE H opened at $159.53 on Friday. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 12.02 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average price of $154.88 and a two-hundred day moving average price of $150.27. Hyatt Hotels Co. has a 12 month low of $124.40 and a 12 month high of $168.20.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $0.70 EPS. As a group, analysts forecast that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.38%. Hyatt Hotels’s payout ratio is 4.52%.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now directly owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 23.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on H shares. Barclays decreased their price target on shares of Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Mizuho dropped their target price on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Macquarie reduced their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $152.64.

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.