Hyatt Hotels Corporation (NYSE:H) Stock Position Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,401 shares of the company's stock after selling 25,441 shares during the period. Allspring Global Investments Holdings LLC owned about 0.22% of Hyatt Hotels worth $25,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels in the 4th quarter worth about $26,000. UMB Bank n.a. lifted its holdings in shares of Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after acquiring an additional 290 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Hyatt Hotels in the fourth quarter worth approximately $88,000. Allstate Corp purchased a new stake in Hyatt Hotels in the fourth quarter valued at approximately $221,000. Finally, Aster Capital Management DIFC Ltd raised its stake in Hyatt Hotels by 120.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company's stock worth $238,000 after purchasing an additional 829 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hyatt Hotels

In other news, major shareholder Hotels Corp Hyatt acquired 996,587 shares of Hyatt Hotels stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the purchase, the insider directly owned 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. This trade represents a 0.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $7,083,672.75. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock valued at $49,273,516 over the last 90 days. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Stock Up 1.4%

Shares of H stock traded up $1.97 during mid-day trading on Friday, reaching $147.36. 635,156 shares of the company were exchanged, compared to its average volume of 756,142. The company has a market capitalization of $14.07 billion, a P/E ratio of 19.14, a P/E/G ratio of 4.76 and a beta of 1.42. The business's 50 day simple moving average is $131.62 and its 200 day simple moving average is $136.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. During the same period last year, the business earned $0.71 EPS. Research analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels's dividend payout ratio is currently 7.79%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley cut their price objective on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group dropped their target price on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group lifted their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. Robert W. Baird increased their price objective on shares of Hyatt Hotels from $146.00 to $148.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Truist Financial cut their target price on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have issued 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 $150.63.

Hyatt Hotels Profile

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.