Vanguard Group Inc. Sells 4,446 Shares of Hyatt Hotels Corporation $H

Vanguard Group Inc. decreased its holdings in Hyatt Hotels Corporation (NYSE:H) by 0.1% in the third quarter, Holdings Channel reports. The fund owned 3,840,870 shares of the company’s stock after selling 4,446 shares during the quarter. Vanguard Group Inc.’s holdings in Hyatt Hotels were worth $545,135,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC raised its holdings in Hyatt Hotels by 0.8% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock valued at $1,339,000 after buying an additional 72 shares during the period. Fifth Third Bancorp boosted its stake in shares of Hyatt Hotels by 876.1% during the 3rd quarter. Fifth Third Bancorp now owns 3,758 shares of the company’s stock worth $533,000 after purchasing an additional 3,373 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Hyatt Hotels by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after purchasing an additional 22,071 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Hyatt Hotels by 5.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 15,545 shares of the company’s stock worth $2,206,000 after purchasing an additional 778 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Hyatt Hotels by 9.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,169 shares of the company’s stock worth $592,000 after acquiring an additional 347 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on H. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Evercore reiterated an “in-line” rating and set a $175.00 price objective (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. JPMorgan Chase & Co. upped their target price on Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. Finally, Stifel Nicolaus upped their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and an average price target of $176.40.

Insider Activity at Hyatt Hotels

In related news, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the sale, the insider directly owned 2,684 shares of the company’s stock, valued at $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.70% of the stock is owned by insiders.

Hyatt Hotels Stock Performance

H opened at $163.82 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $180.53. The firm has a 50 day moving average of $164.30 and a two-hundred day moving average of $153.56. The firm has a market capitalization of $15.48 billion, a PE ratio of -292.54, a P/E/G ratio of 1.86 and a beta of 1.27.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Hyatt Hotels’s payout ratio is -107.14%.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.