Principal Financial Group Inc. Increases Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Principal Financial Group Inc. raised its position in shares of Hyatt Hotels Co. (NYSE:H) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,694,357 shares of the company’s stock after acquiring an additional 46,413 shares during the period. Principal Financial Group Inc.’s holdings in Hyatt Hotels were worth $422,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY grew its position in 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 acquiring an additional 68,608 shares during the period. Wellington Management Group LLP boosted its position in shares of Hyatt Hotels by 3.3% in the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after buying an additional 56,082 shares during the period. State Street Corp boosted its position 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 buying an additional 6,007 shares during the period. Geode Capital Management LLC boosted its position in shares of Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after buying an additional 7,440 shares during the period. Finally, Artemis Investment Management LLP boosted its position in shares of Hyatt Hotels by 3.8% in the fourth quarter. Artemis Investment Management LLP now owns 257,753 shares of the company’s stock worth $40,462,000 after buying an additional 9,345 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at $927,622.02. This represents a 39.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

H has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research report on Friday, November 1st. Wells Fargo & Company decreased their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Truist Financial cut their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Evercore ISI boosted their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $162.13.

Hyatt Hotels Stock Down 3.0 %

NYSE:H opened at $143.02 on Monday. The firm has a market capitalization of $13.74 billion, a PE ratio of 10.78 and a beta of 1.48. The stock has a 50 day moving average of $156.78 and a 200-day moving average of $152.44. Hyatt Hotels Co. has a 52 week low of $128.90 and a 52 week high of $168.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period last year, the company posted $0.64 earnings per share. Analysts predict that Hyatt Hotels Co. will post 3.81 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

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.