Westpac Banking Corp Has $650,000 Stock Position in Hyatt Hotels Corporation $H

Westpac Banking Corp cut its position in Hyatt Hotels Corporation (NYSE:H) by 38.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,521 shares of the company’s stock after selling 2,880 shares during the period. Westpac Banking Corp’s holdings in Hyatt Hotels were worth $650,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. Veritas Asset Management LLP increased its stake in shares of Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after buying an additional 1,695,616 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after buying an additional 43,733 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Hyatt Hotels by 15.8% in the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after buying an additional 193,530 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Hyatt Hotels by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 751,607 shares of the company’s stock worth $120,153,000 after buying an additional 6,849 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $187.36 on Thursday. The company has a market cap of $17.64 billion, a PE ratio of -535.32 and a beta of 1.32. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 1 year low of $133.51 and a 1 year high of $206.86. The company’s 50-day moving average is $188.62 and its two-hundred day moving average is $169.81.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company earned $0.46 EPS. Equities analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on H. Mizuho raised their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Susquehanna decreased their price target on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Sanford C. Bernstein raised their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Truist Financial boosted their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company upped their price objective on Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.29.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,119 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Sears sold 10,217 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the transaction, the insider directly owned 6,374 shares in the company, valued at approximately $1,183,396.84. This trade represents a 61.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,224 shares of company stock worth $4,173,605 over the last quarter. 23.60% of the stock is currently owned by insiders.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.