BlackRock Inc. Buys New Shares in Hyatt Hotels Corporation $H

BlackRock Inc. purchased a new position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 2,266,537 shares of the company's stock, valued at approximately $249,931,000. BlackRock Inc. owned 2.41% of Hyatt Hotels at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Veritas Asset Management LLP lifted its stake in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company's stock valued at $304,675,000 after purchasing an additional 1,695,616 shares during the period. Wellington Management Group LLP grew its stake in Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company's stock worth $749,675,000 after purchasing an additional 1,516,554 shares during the period. Bank of America Corp DE increased its holdings in Hyatt Hotels by 84.5% in the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company's stock worth $171,545,000 after purchasing an additional 562,611 shares in the last quarter. Par Capital Management Inc. lifted its stake in Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company's stock valued at $51,847,000 after buying an additional 314,300 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Hyatt Hotels by 342.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 383,707 shares of the company's stock worth $61,517,000 after buying an additional 296,931 shares during the period. 73.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on H shares. Barclays reduced their target price on Hyatt Hotels from $220.00 to $201.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Mizuho increased their price target on Hyatt Hotels from $219.00 to $221.00 and gave the stock an "outperform" rating in a report on Friday, May 29th. Robert W. Baird reduced their price objective on Hyatt Hotels from $198.00 to $191.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. HSBC upgraded Hyatt Hotels from a "hold" rating to a "buy" rating and set a $212.00 price objective for the company in a report on Thursday, June 4th. Finally, Morgan Stanley cut their target price on Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating on the stock in a report on Tuesday, August 18th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $196.64.

Insider Buying and Selling

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the business's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the sale, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. The trade was a 61.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Udell sold 2,087 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the transaction, the insider directly owned 16,638 shares in the company, valued at $3,127,944. This represents a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 14,004 shares of company stock valued at $2,595,040. 23.60% of the stock is owned by company insiders.

Hyatt Hotels Stock Up 0.2%

Shares of NYSE:H opened at $177.34 on Thursday. Hyatt Hotels Corporation has a 1 year low of $134.18 and a 1 year high of $206.86. The company has a market capitalization of $16.71 billion, a PE ratio of 216.27 and a beta of 1.33. The business has a fifty day moving average price of $186.14 and a two-hundred day moving average price of $172.65. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. Analysts forecast that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels's dividend payout ratio (DPR) is presently 73.17%.

Hyatt Hotels 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.

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