Bank of New York Mellon Corp Sells 24,077 Shares of Hyatt Hotels Corporation (NYSE:H)

Bank of New York Mellon Corp decreased its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,151 shares of the company's stock after selling 24,077 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.37% of Hyatt Hotels worth $43,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in H. Proficio Capital Partners LLC acquired a new position in Hyatt Hotels in the fourth quarter worth $7,072,000. Skandinaviska Enskilda Banken AB publ lifted its position in Hyatt Hotels by 21.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,322 shares of the company's stock worth $1,949,000 after buying an additional 2,185 shares in the last quarter. Natixis Advisors LLC grew its holdings in Hyatt Hotels by 6.3% during the 4th quarter. Natixis Advisors LLC now owns 14,863 shares of the company's stock worth $2,333,000 after acquiring an additional 881 shares during the last quarter. Twin Tree Management LP increased its position in Hyatt Hotels by 39.3% in the 4th quarter. Twin Tree Management LP now owns 10,716 shares of the company's stock valued at $1,682,000 after acquiring an additional 3,021 shares in the last quarter. Finally, SouthState Corp raised its stake in shares of Hyatt Hotels by 1.5% in the fourth quarter. SouthState Corp now owns 27,491 shares of the company's stock worth $4,316,000 after acquiring an additional 399 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Hyatt Hotels Trading Up 0.1%

NYSE:H traded up $0.19 during trading hours on Monday, hitting $150.77. The stock had a trading volume of 847,744 shares, compared to its average volume of 954,609. The business's 50 day moving average is $134.85 and its 200-day moving average is $135.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 4.86 and a beta of 1.42. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted 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. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company posted $0.71 earnings per share. Sell-side analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels's dividend payout ratio is currently 7.79%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on H. Morgan Stanley lowered their price target 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. Truist Financial decreased their price objective on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Stifel Nicolaus decreased their price target on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Finally, Macquarie dropped their price objective on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Hyatt Hotels currently has a consensus rating of "Moderate Buy" and an average price target of $150.63.

Insider Transactions at Hyatt Hotels

In related news, insider David Udell sold 3,891 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total value of $521,510.73. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jnp 2010-Pg Trust sold 266,793 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $35,416,770.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 371,111 shares of company stock worth $49,273,516. Company insiders own 23.70% of the company's stock.

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.