Hyatt Hotels Corporation (NYSE:H) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,401 shares of the company's stock after selling 25,441 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.22% of Hyatt Hotels worth $25,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Hyatt Hotels in the fourth quarter valued at approximately $77,136,000. Invesco Ltd. lifted its holdings in Hyatt Hotels by 241.4% in the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company's stock valued at $106,677,000 after acquiring an additional 480,523 shares during the period. Norges Bank acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $61,572,000. Alyeska Investment Group L.P. acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $43,953,000. Finally, Deutsche Bank AG lifted its holdings in Hyatt Hotels by 209.8% in the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock valued at $40,118,000 after acquiring an additional 173,075 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hyatt Hotels

In related news, insider David Udell sold 3,891 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total transaction of $521,510.73. Following the completion of the transaction, the insider owned 16,756 shares of the company's stock, valued at approximately $2,245,806.68. This trade represents a 18.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 1,000 shares of Hyatt Hotels stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the sale, the director owned 498 shares of the company's stock, valued at $66,084.60. This trade represents a 66.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock worth $49,273,516 in the last 90 days. Insiders own 23.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Stifel Nicolaus cut their price objective on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird increased their target price on Hyatt Hotels from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Tuesday. Evercore ISI decreased their target price on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Macquarie dropped their price target on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $150.63.

Hyatt Hotels Trading Up 0.1%

NYSE:H traded up $0.10 on Wednesday, hitting $145.49. The stock had a trading volume of 975,105 shares, compared to its average volume of 751,835. The company has a fifty day moving average price of $129.55 and a two-hundred day moving average price of $136.20. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 4.50 and a beta of 1.42.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. During the same period in the prior year, the firm posted $0.71 earnings per share. Equities research analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

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.