Hyatt Hotels Corporation $H Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Hyatt Hotels Corporation by 3.4%, selling 16,385 shares to hold 467,418 shares worth approximately $57.26 million.
• The company reported earnings of $0.68 per share for the last quarter, surpassing estimates and exhibiting growth compared to the previous year.
• Hyatt Hotels announced a quarterly dividend of $0.15 per share, to be paid on September 10th, contributing to a 0.4% dividend yield.

Charles Schwab Investment Management Inc. cut its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 467,418 shares of the company's stock after selling 16,385 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.49% of Hyatt Hotels worth $57,259,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Townsquare Capital LLC lifted its stake in Hyatt Hotels by 3.4% in the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock worth $440,000 after acquiring an additional 92 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock worth $256,000 after acquiring an additional 110 shares during the period. Snowden Capital Advisors LLC lifted its stake in Hyatt Hotels by 2.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company's stock worth $789,000 after acquiring an additional 116 shares during the period. Bernard Wealth Management Corp. purchased a new stake in Hyatt Hotels in the fourth quarter worth about $26,000. Finally, State of Michigan Retirement System lifted its stake in Hyatt Hotels by 2.0% in the first quarter. State of Michigan Retirement System now owns 10,200 shares of the company's stock worth $1,250,000 after acquiring an additional 200 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the transaction, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cary D. Mcmillan sold 1,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $66,084.60. This trade represents a 66.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,491 shares of company stock worth $870,211. Company insiders own 23.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on H shares. The Goldman Sachs Group upped their price objective 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. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target for the company in a research report on Tuesday, July 1st. Robert W. Baird increased their price target 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. Evercore ISI decreased their price target on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Melius Research raised shares of Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $152.26.

Hyatt Hotels Stock Performance

NYSE:H traded down $0.0280 during midday trading on Tuesday, hitting $140.5120. The company's stock had a trading volume of 267,845 shares, compared to its average volume of 951,001. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The firm's 50 day moving average is $141.57 and its 200-day moving average is $133.28. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $13.42 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.12 and a beta of 1.46.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate 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 net margin of 6.39% and a return on equity of 6.54%. During the same quarter in the prior year, the company earned $1.53 EPS. Equities analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 yield of 0.4%. Hyatt Hotels's dividend payout ratio (DPR) is presently 14.25%.

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.