Elevation Point Wealth Partners LLC Invests $520,000 in Hyatt Hotels Corporation $H

Elevation Point Wealth Partners LLC bought a new stake in Hyatt Hotels Corporation (NYSE:H) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,718 shares of the company’s stock, valued at approximately $520,000.

Other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. raised its position in Hyatt Hotels by 450.0% in 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 last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels in the 4th quarter worth $26,000. DV Equities LLC purchased a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $32,000. Ares Financial Consulting LLC bought a new position in shares of Hyatt Hotels during the fourth quarter valued at about $34,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Hyatt Hotels during the third quarter valued at about $34,000. Institutional investors own 73.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on H. Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a research note on Friday, May 29th. Morgan Stanley reduced their target price on Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating for the company in a report on Tuesday, August 18th. HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research report on Thursday, June 4th. Robert W. Baird cut their price objective on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Truist Financial upped their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $196.64.

Hyatt Hotels Stock Down 1.7%

H opened at $177.00 on Wednesday. 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 has a market cap of $16.68 billion, a price-to-earnings ratio of 215.85 and a beta of 1.33. Hyatt Hotels Corporation has a twelve month low of $134.18 and a twelve month high of $206.86. The company’s 50-day moving average price is $186.64 and its two-hundred day moving average price is $172.53.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Hyatt Hotels’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. As a group, equities analysts expect that Hyatt Hotels Corporation will post 3.54 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. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio is 73.17%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider David Udell sold 2,087 shares of the business’s stock in a transaction 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 directly 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Peter Sears sold 10,217 shares of the company’s stock in a transaction on Friday, May 29th. The shares were 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. This represents a 61.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 14,004 shares of company stock valued at $2,595,040 over the last ninety days. 23.60% of the stock is currently owned by insiders.

About Hyatt Hotels

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.