Principal Financial Group Inc. Has $403.02 Million Position in Hyatt Hotels Co. (NYSE:H)

Principal Financial Group Inc. boosted its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 0.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,647,944 shares of the company’s stock after buying an additional 2,942 shares during the period. Principal Financial Group Inc. owned about 2.64% of Hyatt Hotels worth $403,017,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its stake in shares of Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after purchasing an additional 66 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Hyatt Hotels by 1.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock valued at $1,042,000 after purchasing an additional 70 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Hyatt Hotels by 1.5% in the 3rd quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after purchasing an additional 70 shares in the last quarter. Red Spruce Capital LLC boosted its stake in shares of Hyatt Hotels by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock valued at $2,126,000 after purchasing an additional 92 shares in the last quarter. Finally, Hunter Associates Investment Management LLC boosted its stake in shares of Hyatt Hotels by 0.6% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock valued at $2,601,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the 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 transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.50% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Mizuho reduced their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday. Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $151.57.

Hyatt Hotels Price Performance

NYSE H opened at $153.11 on Thursday. Hyatt Hotels Co. has a 12-month low of $103.89 and a 12-month high of $162.24. The firm’s 50 day moving average is $150.87 and its 200-day moving average is $148.90. The company has a market capitalization of $15.36 billion, a PE ratio of 11.54 and a beta of 1.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data 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 return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company earned $0.70 EPS. Equities research analysts anticipate that Hyatt Hotels Co. will post 3.86 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

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.