Meiji Yasuda Life Insurance Co Invests in Hyatt Hotels Co.
Meiji Yasuda Life Insurance Co acquired a new position in shares of Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,800 shares of the company’s stock, valued at approximately $754,000.
Other hedge funds have also modified their holdings of Hyatt Hotels. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. Versant Capital Management Inc grew its stake in Hyatt Hotels by 583.3% in the fourth quarter, now owning 205 shares valued at $32,000. UMB Bank n.a. raised its stake by 99.0% during the 4th quarter, now owning 209 shares worth $33,000. Venturi Wealth Management LLC boosted its holdings by 750.0% in the 4th quarter, now owning 340 shares valued at $53,000. Fifth Third Bancorp grew its stake by 31.9% in the fourth quarter, now owning 467 shares valued at $73,000.
Institutional Ownership and Stock Performance
73.54% of Hyatt Hotels stock is currently owned by institutional investors. The company’s stock opened at $123.00 on Friday. Hyatt Hotels has a market cap of $11.83 billion, a PE ratio of 9.89, and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 0.83, and a debt-to-equity ratio of 0.87.
Recent Earnings and Dividend Announcement
Hyatt Hotels last issued its quarterly earnings results on Thursday, May 1st, reporting $0.46 earnings per share, topping analysts’ consensus estimates of $0.30. The company had revenue of $1.68 billion during the quarter. Hyatt Hotels recently declared a quarterly dividend, which will be paid on Wednesday, June 11th, with stockholders of record on Thursday, May 29th receiving $0.15 per share.
Insider Trading and Analyst Ratings
In recent insider trading activity, Director Susan D. Kronick sold 1,600 shares, while insider Kinsey Wolf sold 1,000 shares. Insiders sold a total of 12,600 shares worth $1,517,798 in the last ninety days. Various analysts have rated Hyatt Hotels stock, with an average rating of “Hold” and an average target price of $151.17.
