Hyatt Hotels Corporation $H Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 35.5% in the second quarter, HoldingsChannel reports. The fund owned 2,826,935 shares of the company’s stock after selling 1,558,677 shares during the quarter. Wellington Management Group LLP’s holdings in Hyatt Hotels were worth $547,973,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Johnson Financial Group Inc. grew its stake in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after buying an additional 144 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Hyatt Hotels during the fourth quarter valued at about $26,000. DV Equities LLC acquired a new stake in Hyatt Hotels during the fourth quarter worth about $32,000. Measured Wealth Private Client Group LLC acquired a new stake in Hyatt Hotels during the third quarter worth about $34,000. Finally, NewEdge Advisors LLC raised its holdings in Hyatt Hotels by 121.4% in the fourth quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock valued at $37,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analysts Set New Price Targets

H has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Stifel Nicolaus set a $182.00 target price on shares of Hyatt Hotels in a research report on Friday, May 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Truist Financial boosted their price target on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and a consensus target price of $196.64.

Hyatt Hotels Trading Down 0.7%

Shares of NYSE H opened at $172.11 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The stock’s 50 day moving average price is $184.97 and its two-hundred day moving average price is $172.72. Hyatt Hotels Corporation has a 52-week low of $134.18 and a 52-week high of $206.86. The stock has a market capitalization of $16.22 billion, a P/E ratio of 209.89 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm earned $0.68 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, analysts anticipate that Hyatt Hotels Corporation will post 3.54 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 73.17%.

Insider Activity

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the completion of the transaction, the director directly owned 29,525 shares in the company, valued at $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 2,087 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total value of $392,356.00. Following the sale, the insider owned 16,638 shares in the company, valued at $3,127,944. The trade was a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.60% of the company’s stock.

Hyatt Hotels 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.