Nomura Asset Management Co. Ltd. Increases Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Nomura Asset Management Co. Ltd. boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 19.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,996 shares of the company’s stock after buying an additional 2,300 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hyatt Hotels were worth $2,130,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Bamco Inc. NY boosted its position in shares of Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after buying an additional 68,608 shares during the period. Principal Financial Group Inc. lifted its position 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 worth $401,827,000 after purchasing an additional 162,562 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after purchasing an additional 56,082 shares during the period. State Street Corp grew its holdings in shares of Hyatt Hotels by 0.4% in the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock worth $219,343,000 after purchasing an additional 6,007 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in 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 buying an additional 6,896 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Trading Down 0.3 %

Shares of NYSE:H opened at $158.99 on Friday. The business’s 50-day moving average is $154.99 and its 200 day moving average is $150.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels Co. has a 1 year low of $124.40 and a 1 year high of $168.20. The firm has a market capitalization of $15.27 billion, a P/E ratio of 11.98 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter in the prior year, the company posted $0.70 earnings per share. On average, research analysts predict that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Insider Activity

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on H shares. Morgan Stanley lowered their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Barclays raised their price objective on Hyatt Hotels from $144.00 to $161.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird upped their price objective on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company cut their target price on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and a consensus target price of $152.88.

About Hyatt Hotels

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.