Meiji Yasuda Asset Management Co Ltd. Purchases 1,651 Shares of Hyatt Hotels Co. (NYSE:H)

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Hyatt Hotels Co. (NYSE:H) by 98.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,327 shares of the company’s stock after purchasing an additional 1,651 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Hyatt Hotels were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth $462,000. LPL Financial LLC boosted its holdings in Hyatt Hotels by 11.4% in the 4th quarter. LPL Financial LLC now owns 10,509 shares of the company’s stock valued at $1,650,000 after purchasing an additional 1,076 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $2,245,000. Sciencast Management LP acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $275,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Hyatt Hotels by 4.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 28,689 shares of the company’s stock valued at $4,503,000 after buying an additional 1,154 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the transaction, the insider now directly owns 811 shares in the company, valued at approximately $99,712.45. This represents a 55.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,600 shares of company stock valued at $1,517,798. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Stock Performance

NYSE H opened at $124.65 on Friday. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 10.02 and a beta of 1.51. Hyatt Hotels Co. has a twelve month low of $116.13 and a twelve month high of $168.20. The stock has a fifty day simple moving average of $143.08 and a 200 day simple moving average of $150.37. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. Sell-side analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.48%. Hyatt Hotels’s payout ratio is 4.82%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on H shares. The Goldman Sachs Group cut their price objective on shares of Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. increased their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Morgan Stanley decreased their price target on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 4th. Finally, Robert W. Baird dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and a consensus price target of $161.97.

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.