Toronto Dominion Bank Purchases 114 Shares of Hyatt Hotels Co. (NYSE:H)

Toronto Dominion Bank grew its holdings in Hyatt Hotels Co. (NYSE:H) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,398 shares of the company’s stock after purchasing an additional 114 shares during the quarter. Toronto Dominion Bank’s holdings in Hyatt Hotels were worth $668,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of H. Bain Capital Public Equity Management II LLC acquired a new stake in Hyatt Hotels in the fourth quarter worth $57,284,000. Artemis Investment Management LLP acquired a new stake in Hyatt Hotels during the 1st quarter worth $48,302,000. Allspring Global Investments Holdings LLC raised its stake in shares of Hyatt Hotels by 333.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares in the last quarter. Interval Partners LP grew its stake in shares of Hyatt Hotels by 314.1% in the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after buying an additional 182,297 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after buying an additional 162,562 shares during the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

H stock opened at $152.12 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 23.62 and a beta of 1.50. Hyatt Hotels Co. has a 1 year low of $96.77 and a 1 year high of $162.24. The company has a 50 day simple moving average of $146.15 and a 200 day simple moving average of $149.60.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same quarter in the previous year, the business earned $0.82 earnings per share. Research analysts anticipate that Hyatt Hotels Co. will post 3.95 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were 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 was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio is 9.32%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus boosted 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. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 target price for the company. Finally, Macquarie lowered their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $148.21.

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.