56,471 Shares in Hyatt Hotels Co. (NYSE:H) Purchased by Thrivent Financial for Lutherans

Posted by Defense World Staff on May 14th, 2023

Thrivent Financial for Lutherans bought a new position in shares of Hyatt Hotels Co. (NYSE:H – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 56,471 shares of the company’s stock, valued at approximately $5,107,000. Thrivent Financial for Lutherans owned about 0.05% of Hyatt Hotels at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of Hyatt Hotels by 136.4% in the first quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock worth $46,000 after acquiring an additional 281 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of Hyatt Hotels in the third quarter worth $40,000. Castleview Partners LLC acquired a new position in shares of Hyatt Hotels in the fourth quarter worth $60,000. Signaturefd LLC grew its stake in shares of Hyatt Hotels by 121.1% in the fourth quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $78,000 after acquiring an additional 470 shares in the last quarter. Finally, MetLife Investment Management LLC acquired a new position in shares of Hyatt Hotels during the first quarter worth $94,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,790 shares of Hyatt Hotels stock in a transaction on Friday, February 17th. The shares were sold at an average price of $113.93, for a total value of $203,934.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider H. Charles Floyd sold 33,067 shares of the firm’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $112.51, for a total value of $3,720,368.17. Following the transaction, the insider now owns 31,242 shares of the company’s stock, valued at approximately $3,515,037.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 1,790 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $113.93, for a total transaction of $203,934.70. The disclosure for this sale can be found here. Insiders have sold a total of 77,357 shares of company stock worth $8,726,994 in the last quarter. 21.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on H shares. StockNews.com started coverage on shares of Hyatt Hotels in a research note on Thursday, March 16th. They set a “hold” rating for the company. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $112.00 to $124.00 in a research note on Tuesday, March 7th. TheStreet upgraded shares of Hyatt Hotels from a “c” rating to a “b” rating in a research note on Monday, March 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hyatt Hotels from $113.00 to $121.00 in a research note on Friday, May 5th. Finally, Morgan Stanley upped their price objective on shares of Hyatt Hotels from $139.00 to $142.00 in a research note on Friday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.88.

Hyatt Hotels Trading Up 0.9 %

Shares of Hyatt Hotels stock opened at $113.55 on Friday. Hyatt Hotels Co. has a 12-month low of $70.12 and a 12-month high of $125.07. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66. The stock has a market cap of $12.06 billion, a PE ratio of 21.34 and a beta of 1.36. The company has a 50-day moving average of $112.31 and a two-hundred day moving average of $105.16.

Hyatt Hotels (NYSE:H – Get Rating) last issued its earnings results on Thursday, May 4th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Hyatt Hotels had a net margin of 9.31% and a return on equity of 12.34%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the business posted ($0.33) earnings per share. On average, research analysts anticipate that Hyatt Hotels Co. will post 2.61 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, June 12th. Shareholders of record on Tuesday, May 30th will be issued a $0.15 dividend. The ex-dividend date is Friday, May 26th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 15.04%.

About Hyatt Hotels

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Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment offers hospitality services and hotels.