Hyatt Hotels Corporation $H Shares Bought by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Hyatt Hotels Corporation by 32.9%, holding a total of 44,495 shares valued at $5.45 million.
• Major shareholder Hotels Corp Hyatt purchased nearly 1 million shares recently, bringing their total ownership to approximately $1.58 billion in Hyatt's stock.
• Hyatt Hotels recently declared a quarterly dividend of $0.15 per share, expected to be paid on September 10th, which translates to an annual yield of 0.4%.

Brandywine Global Investment Management LLC increased its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 32.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,495 shares of the company's stock after purchasing an additional 11,003 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Hyatt Hotels were worth $5,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in H. Bernard Wealth Management Corp. acquired a new position in shares of Hyatt Hotels during the fourth quarter worth $26,000. Bank of Jackson Hole Trust acquired a new stake in Hyatt Hotels in the 1st quarter worth approximately $31,000. UMB Bank n.a. lifted its stake in shares of Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after buying an additional 290 shares during the period. OMERS ADMINISTRATION Corp raised its stake in Hyatt Hotels by 20.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company's stock worth $290,000 after acquiring an additional 316 shares during the last quarter. Finally, Flynn Zito Capital Management LLC grew its stake in Hyatt Hotels by 13.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Hyatt Hotels Trading Up 5.2%

Shares of NYSE H traded up $7.14 during trading on Friday, reaching $143.97. The stock had a trading volume of 483,608 shares, compared to its average volume of 956,310. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $13.75 billion, a P/E ratio of 34.16, a PEG ratio of 2.15 and a beta of 1.46. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The business's 50-day moving average price is $141.79 and its 200-day moving average price is $133.21.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same period last year, the business posted $1.53 EPS. On average, equities research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Hyatt Hotels's dividend payout ratio (DPR) is currently 14.25%.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total transaction of $216,000.00. Following the sale, the director owned 37,825 shares of the company's stock, valued at approximately $5,106,375. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Udell sold 3,891 shares of the business's stock in a transaction 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 transaction, the insider directly owned 16,756 shares of the company's stock, valued at $2,245,806.68. The trade was a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,491 shares of company stock worth $870,211. 23.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

H has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on 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 boosted their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target on the stock in a research report on Tuesday, July 1st. Macquarie reduced their price objective on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Evercore ISI lowered their target price on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $152.26.

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.