Vanguard Group Inc. Cuts Stake in Hyatt Hotels Corporation $H

Vanguard Group Inc. trimmed its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,840,870 shares of the company’s stock after selling 4,446 shares during the period. Vanguard Group Inc. owned approximately 4.02% of Hyatt Hotels worth $545,135,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in H. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of 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. New England Research & Management Inc. grew its stake in shares of Hyatt Hotels by 0.3% during the 3rd quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock valued at $3,314,000 after purchasing an additional 80 shares during the period. Atria Investments Inc increased its position in shares of Hyatt Hotels by 4.1% during the 2nd quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after purchasing an additional 81 shares during the last quarter. CW Advisors LLC increased its position in shares of Hyatt Hotels by 4.1% during the 2nd quarter. CW Advisors LLC now owns 2,362 shares of the company’s stock valued at $330,000 after purchasing an additional 93 shares during the last quarter. Finally, MAI Capital Management lifted its stake in shares of Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total value of $1,583,726.76. Following the sale, the insider owned 2,684 shares of the company’s stock, valued at $445,195.08. The trade was a 78.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 23.70% of the stock is owned by corporate insiders.

Hyatt Hotels Trading Up 2.6%

Shares of H opened at $163.82 on Wednesday. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $180.53. The company has a 50 day simple moving average of $164.30 and a two-hundred day simple moving average of $153.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $15.48 billion, a P/E ratio of -292.54, a price-to-earnings-growth ratio of 1.86 and a beta of 1.27.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.04. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.42 earnings per share. On average, equities analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently -107.14%.

Analyst Ratings Changes

Several research analysts have weighed in on H shares. Evercore reiterated an “in-line” rating and issued a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research report on Thursday, January 22nd. Stifel Nicolaus raised their target price on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, December 31st. Wells Fargo & Company boosted their price target on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Mizuho raised their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and an average price target of $176.40.

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.