Hyatt Hotels Co. (NYSE:H) Major Shareholder Hotels Corp Hyatt Acquires 996,587 Shares

Hyatt Hotels Co. (NYSE:H) major shareholder Hotels Corp Hyatt purchased 996,587 shares of the stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the completion of the purchase, the insider now directly owns 117,077,441 shares of the company’s stock, valued at $1,580,545,453.50. The trade was a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Hotels Corp Hyatt also recently made the following trade(s):

• On Thursday, June 12th, Hotels Corp Hyatt purchased 6 shares of Hyatt Hotels stock. The stock was acquired at an average cost of $13.50 per share, with a total value of $81.00.

Hyatt Hotels Price Performance

H stock opened at $134.59 on Tuesday. Hyatt Hotels Co. has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a market cap of $12.85 billion, a P/E ratio of 10.82 and a beta of 1.42. The firm has a 50-day moving average of $123.75 and a 200 day moving average of $137.86. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, sell-side analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 7.79%.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Hyatt Hotels during the first quarter valued at approximately $31,000. Venturi Wealth Management LLC grew its holdings in shares of Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after buying an additional 300 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company’s stock valued at $61,000 after buying an additional 290 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Hyatt Hotels by 78.8% during the fourth quarter. Blue Trust Inc. now owns 581 shares of the company’s stock valued at $88,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Evercore ISI lowered their price target on shares of Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Susquehanna upped their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Macquarie lowered their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a “sell” rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.72.

Hyatt Hotels Company 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.