Covea Finance Invests $1.96 Million in Hyatt Hotels Co. (NYSE:H)

Covea Finance bought a new position in Hyatt Hotels Co. (NYSE:H) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,500 shares of the company’s stock, valued at approximately $1,962,000.

A number of other large investors have also bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Hyatt Hotels in the third quarter worth about $30,000. Versant Capital Management Inc raised its position in Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Blue Trust Inc. lifted its holdings in Hyatt Hotels by 190.2% during the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Hyatt Hotels by 1,107.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in Hyatt Hotels in the 3rd quarter valued at $51,000. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Price Performance

Shares of H opened at $154.05 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $14.79 billion, a PE ratio of 11.61 and a beta of 1.48. The stock has a 50 day simple moving average of $156.58 and a 200 day simple moving average of $151.63. Hyatt Hotels Co. has a 52-week low of $124.40 and a 52-week high of $168.20.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. Sell-side analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is 4.52%.

Insider Activity

In other news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America upped their price target on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Stifel Nicolaus upped their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Robert W. Baird lifted their price target on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Morgan Stanley reduced their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Finally, Macquarie dropped their target price on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus price target of $155.21.

Hyatt Hotels Company 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.