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

Wellington Management Group LLP reduced its position in shares of Hyatt Hotels Corporation (NYSE:H) by 35.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,826,935 shares of the company’s stock after selling 1,558,677 shares during the period. Wellington Management Group LLP owned about 3.00% of Hyatt Hotels worth $547,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of H. Delta Global Management LP acquired a new stake in shares of Hyatt Hotels in the 1st quarter valued at about $2,151,000. Truist Financial Corp boosted its holdings in shares of Hyatt Hotels by 970.8% in the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after acquiring an additional 16,794 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Hyatt Hotels by 345.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock worth $1,422,000 after acquiring an additional 6,877 shares during the last quarter. Accredited Investors Inc. acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at $1,146,000. Finally, BlackRock Inc. acquired a new stake in Hyatt Hotels during the 2nd quarter worth $249,931,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of 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. Hyatt Hotels Corporation has a 52-week low of $134.18 and a 52-week high of $206.86. The company has a 50-day simple moving average of $184.97 and a 200-day simple moving average of $172.72. The company has a market capitalization of $16.22 billion, a PE 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 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.21. The company had revenue of $1.83 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. Equities research analysts predict that Hyatt Hotels Corporation will post 3.54 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on H. JPMorgan Chase & Co. dropped their price target on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Truist Financial upped 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. Sanford C. Bernstein lifted their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Mizuho raised their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.64.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the completion of the sale, the insider directly owned 16,638 shares in the company, valued at $3,127,944. This trade represents a 11.15% decrease in their position. The SEC filing for this sale provides additional information. 23.60% of the stock is currently owned by corporate 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.