Hyatt Hotels Co. (NYSE:H) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 348,452 shares of the company's stock after selling 54,255 shares during the period. Bank of America Corp DE owned approximately 0.36% of Hyatt Hotels worth $54,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of H. Raymond James Financial Inc. bought a new position in shares of Hyatt Hotels in the 4th quarter worth approximately $77,136,000. Invesco Ltd. raised its stake in Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company's stock worth $106,677,000 after acquiring an additional 480,523 shares during the period. Norges Bank bought a new stake in Hyatt Hotels during the 4th quarter worth approximately $61,572,000. Alyeska Investment Group L.P. bought a new stake in Hyatt Hotels during the 4th quarter worth approximately $43,953,000. Finally, KBC Group NV raised its stake in Hyatt Hotels by 978.3% during the 4th quarter. KBC Group NV now owns 108,966 shares of the company's stock worth $17,106,000 after acquiring an additional 98,861 shares during the period. Institutional investors own 73.54% of the company's stock.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 266,793 shares of Hyatt Hotels stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $35,416,770.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the transaction, the insider now owns 811 shares in the company, valued at $99,712.45. This trade represents a 55.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 377,220 shares of company stock worth $49,921,103 over the last three months. 23.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

H has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Susquehanna increased their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Evercore ISI cut their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Morgan Stanley cut their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group cut their target price on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $151.17.

Hyatt Hotels Trading Up 0.8%

Shares of NYSE:H traded up $1.11 on Friday, hitting $135.30. 833,872 shares of the company's stock were exchanged, compared to its average volume of 686,252. Hyatt Hotels Co. has a 12 month low of $102.43 and a 12 month high of $168.20. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 10.88 and a beta of 1.36. The business's 50 day simple moving average is $118.88 and its two-hundred day simple moving average is $141.34. 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 - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the company earned $0.71 earnings per share. Analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. Hyatt Hotels's payout ratio is currently 7.79%.

About Hyatt Hotels

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.