Cetera Investment Advisers Buys 2,534 Shares of Hyatt Hotels Corporation (NYSE:H)

Key Points

• Cetera Investment Advisers increased its stake in Hyatt Hotels by 43.3%, owning 8,387 shares worth approximately $1,027,000 as of its latest SEC filing.
• Several other hedge funds also boosted their positions in Hyatt Hotels, with the State of Alaska Department of Revenue raising its stake by 127.9%.
• Hyatt Hotels declared a quarterly dividend of $0.15 per share, with a payout ratio of 14.25%, amid expectations of posting 3.05 earnings per share for the current year.

Cetera Investment Advisers raised its holdings in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 43.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,387 shares of the company's stock after purchasing an additional 2,534 shares during the period. Cetera Investment Advisers' holdings in Hyatt Hotels were worth $1,027,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in H. Bamco Inc. NY lifted its holdings in Hyatt Hotels by 1.2% in the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock worth $871,363,000 after purchasing an additional 67,385 shares during the period. Principal Financial Group Inc. lifted its holdings in Hyatt Hotels by 16.4% in the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock worth $384,132,000 after purchasing an additional 441,417 shares during the period. 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 worth $106,677,000 after purchasing an additional 480,523 shares during the period. Bain Capital Public Equity Management II LLC lifted its holdings in Hyatt Hotels by 1.4% in the fourth quarter. Bain Capital Public Equity Management II LLC now owns 611,948 shares of the company's stock worth $96,064,000 after purchasing an additional 8,254 shares during the period. Finally, Northern Trust Corp lifted its holdings in Hyatt Hotels by 25.5% in the fourth quarter. Northern Trust Corp now owns 385,101 shares of the company's stock worth $60,453,000 after purchasing an additional 78,144 shares during the period. Institutional investors own 73.54% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the acquisition, the insider owned 117,077,441 shares of the company's stock, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the transaction, the director owned 498 shares in the company, valued at $66,084.60. This represents a 66.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,491 shares of company stock worth $870,211 over the last quarter. Company insiders own 23.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on H shares. The Goldman Sachs Group boosted their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Macquarie dropped their price target on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wall Street Zen raised Hyatt Hotels from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Robert W. Baird upped their price target on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $152.26.

Hyatt Hotels Stock Down 0.6%

Shares of H traded down $0.82 during trading hours on Friday, reaching $142.11. The company's stock had a trading volume of 311,900 shares, compared to its average volume of 952,014. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 2.19 and a beta of 1.46. 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 0.70 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $141.27 and a two-hundred day moving average of $133.87.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%. During the same quarter in the prior year, the company earned $1.53 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels's dividend payout ratio is currently 14.25%.

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.