Envestnet Asset Management Inc. Lowers Stock Holdings in Hyatt Hotels Corporation $H

Envestnet Asset Management Inc. reduced its stake in Hyatt Hotels Corporation (NYSE:H) by 0.5% during the second quarter, HoldingsChannel.com reports. The firm owned 99,520 shares of the company’s stock after selling 542 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hyatt Hotels were worth $13,898,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in H. MassMutual Private Wealth & Trust FSB boosted its holdings in Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Hyatt Hotels in the 1st quarter worth about $31,000. Fifth Third Bancorp grew its position in Hyatt Hotels by 33.2% during the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after purchasing an additional 96 shares during the last quarter. Harold Davidson & Associates Inc. purchased a new stake in Hyatt Hotels during the 1st quarter valued at about $203,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Hyatt Hotels in the second quarter worth about $232,000. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

NYSE H opened at $155.47 on Friday. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.54 and a beta of 1.43. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The business’s fifty day moving average price is $144.12 and its 200-day moving average price is $138.74.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently 14.25%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the transaction, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 23.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on H shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and increased their target price for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Wall Street Zen lowered Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Finally, Robert W. Baird lifted their price objective on Hyatt Hotels from $150.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

About Hyatt Hotels

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.