Gradient Investments LLC Takes Position in Hyatt Hotels Corporation $H

Gradient Investments LLC purchased a new stake in Hyatt Hotels Corporation (NYSE:H) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,149 shares of the company’s stock, valued at approximately $1,580,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares during the period. Veritas Asset Management LLP raised its holdings in Hyatt Hotels by 827.9% during the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after buying an additional 1,695,616 shares during the period. Bank of Nova Scotia lifted its position in Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock worth $257,352,000 after buying an additional 43,733 shares during the last quarter. Bank of America Corp DE boosted its stake in Hyatt Hotels by 15.8% during the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock worth $201,814,000 after buying an additional 193,530 shares during the period. Finally, Geode Capital Management LLC increased its position in Hyatt Hotels by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 751,607 shares of the company’s stock valued at $120,153,000 after acquiring an additional 6,849 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Down 0.0%

NYSE H opened at $177.67 on Monday. The stock has a market cap of $16.74 billion, a PE ratio of 216.67 and a beta of 1.33. Hyatt Hotels Corporation has a 12 month low of $134.00 and a 12 month high of $206.86. The company’s 50-day moving average price is $189.98 and its 200-day moving average price is $170.95. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio is 73.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on H shares. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a report on Thursday, June 4th. Sanford C. Bernstein increased their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Barclays dropped their target price on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Susquehanna reduced their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $196.93.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the sale, the director directly owned 31,225 shares in the company, valued at approximately $5,449,074.75. This represents a 3.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the transaction, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. The trade was a 61.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,224 shares of company stock worth $4,173,605 in the last ninety days. 23.60% of the stock is owned by company insiders.

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.