Thrivent Financial for Lutherans Sells 166 Shares of Hyatt Hotels Co. (NYSE:H)

Thrivent Financial for Lutherans lowered its position in shares of Hyatt Hotels Co. (NYSE:H) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,916 shares of the company’s stock after selling 166 shares during the period. Thrivent Financial for Lutherans’ holdings in Hyatt Hotels were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in H. KBC Group NV increased its stake in Hyatt Hotels by 907.4% during the 4th quarter. KBC Group NV now owns 9,369 shares of the company’s stock worth $1,222,000 after acquiring an additional 8,439 shares during the period. American International Group Inc. increased its stake in Hyatt Hotels by 15,334.4% during the 4th quarter. American International Group Inc. now owns 59,731 shares of the company’s stock worth $7,790,000 after acquiring an additional 59,344 shares during the period. Clear Street Markets LLC bought a new position in Hyatt Hotels during the 4th quarter worth $288,000. Bain Capital Public Equity LP bought a new position in Hyatt Hotels during the 4th quarter worth $2,036,000. Finally, Bain Capital Public Equity Management II LLC bought a new position in Hyatt Hotels during the 4th quarter worth $57,284,000. Institutional investors own 71.02% of the company’s stock.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on H shares. Evercore ISI reduced their target price on Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Stifel Nicolaus raised their target price on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. raised their target price on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Susquehanna reduced their target price on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Finally, Sanford C. Bernstein reduced their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $148.21.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $150.61 on Thursday. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 23.39 and a beta of 1.50. The business has a 50-day simple moving average of $146.05 and a 200 day simple moving average of $149.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82.

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

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

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.