Franklin Resources Inc. Has $295.48 Million Holdings in Hyatt Hotels Co. (NYSE:H)

Franklin Resources Inc. reduced its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,939,879 shares of the company’s stock after selling 4,141 shares during the quarter. Franklin Resources Inc.’s holdings in Hyatt Hotels were worth $295,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in H. Allspring Global Investments Holdings LLC boosted its holdings in shares of Hyatt Hotels by 333.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after acquiring an additional 199,773 shares during the period. Interval Partners LP boosted its stake in Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after purchasing an additional 182,297 shares during the period. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after buying an additional 162,562 shares in the last quarter. Icon Wealth Advisors LLC increased its position in Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock worth $20,009,000 after buying an additional 130,724 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Hyatt Hotels by 700.5% during the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after buying an additional 107,412 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Stock Performance

NYSE H opened at $158.99 on Friday. Hyatt Hotels Co. has a fifty-two week low of $124.40 and a fifty-two week high of $168.20. The stock has a market cap of $15.27 billion, a PE ratio of 11.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s fifty day moving average price is $154.99 and its two-hundred day moving average price is $150.36.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. On average, equities analysts expect that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s payout ratio is 4.52%.

Insider Activity

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the 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 owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

H has been the topic of several research reports. Robert W. Baird upped their price target on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Truist Financial cut their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research note 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 on the stock in a research note on Friday, November 1st. Finally, Sanford C. Bernstein cut their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Fifteen 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.com, the stock has an average rating of “Hold” and an average 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.