Principal Financial Group Inc. Purchases 2,942 Shares of Hyatt Hotels Co. (NYSE:H)

Principal Financial Group Inc. lifted its position in shares of Hyatt Hotels Co. (NYSE:H) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,647,944 shares of the company’s stock after purchasing an additional 2,942 shares during the period. Principal Financial Group Inc.’s holdings in Hyatt Hotels were worth $403,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in Hyatt Hotels by 165.7% during the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock worth $8,601,000 after acquiring an additional 33,603 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Hyatt Hotels by 152.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,453 shares of the company’s stock worth $551,000 after acquiring an additional 2,084 shares during the period. Texas Permanent School Fund Corp increased its stake in Hyatt Hotels by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 38,702 shares of the company’s stock worth $6,178,000 after acquiring an additional 506 shares during the period. Duality Advisers LP bought a new position in Hyatt Hotels during the 1st quarter worth $1,850,000. Finally, Quantbot Technologies LP bought a new position in Hyatt Hotels during the 1st quarter worth $2,097,000. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Stock Up 7.0 %

Shares of H opened at $153.11 on Thursday. The company has a market capitalization of $15.36 billion, a PE ratio of 11.54 and a beta of 1.50. Hyatt Hotels Co. has a 12 month low of $103.89 and a 12 month high of $162.24. The stock’s 50-day moving average price is $150.87 and its two-hundred day moving average price is $148.90. 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 announced its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping 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 return on equity of 10.74% and a net margin of 20.55%. During the same period in the previous year, the business earned $0.70 EPS. On average, analysts anticipate that Hyatt Hotels Co. will post 3.86 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is 4.52%.

Analyst Ratings Changes

A number of equities analysts have commented on H shares. Robert W. Baird raised their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday. Stifel Nicolaus lifted their price target on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group initiated coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price target on the stock. Susquehanna decreased their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Finally, Mizuho decreased their price target on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Monday. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.57.

Insider Activity

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 23.50% of the stock is owned by company insiders.

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.