Citigroup Inc. Grows Position in Hyatt Hotels Corporation $H

Key Points

• Citigroup Inc. increased its stake in Hyatt Hotels Corporation by 111.1%, owning approximately $7.93 million worth of shares after acquiring an additional 34,061 shares in the 1st quarter.
• Hyatt Hotels recently announced a quarterly dividend of $0.15 per share, which will be paid on September 10th, reflecting an annualized dividend yield of 0.4%.
• Analysts maintain a consensus rating of "Moderate Buy" for Hyatt Hotels, with a target price of $152.26, despite mixed ratings from various research firms.

Citigroup Inc. grew its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 111.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,730 shares of the company's stock after buying an additional 34,061 shares during the period. Citigroup Inc. owned 0.07% of Hyatt Hotels worth $7,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Hyatt Hotels in the first quarter valued at about $31,000. UMB Bank n.a. increased its stake in shares of Hyatt Hotels by 138.8% in the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after buying an additional 290 shares during the period. Flynn Zito Capital Management LLC increased its stake in shares of Hyatt Hotels by 13.2% in the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after buying an additional 223 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 73.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on H shares. The Goldman Sachs Group increased their price target on Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research note on Friday, May 2nd. Barclays decreased their target price on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Morgan Stanley decreased their target price on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Macquarie decreased their target price 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, Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price for the company in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of "Moderate Buy" and an average price target of $152.26.

Insiders Place Their Bets

In other Hyatt Hotels news, insider David Udell sold 3,891 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total transaction of $521,510.73. Following the sale, the insider directly owned 16,756 shares in the company, valued at approximately $2,245,806.68. This trade represents a 18.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Hotels Corp Hyatt bought 996,587 shares of the business's stock in a transaction on Friday, June 13th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the purchase, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. The trade was a 0.86% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 6,491 shares of company stock valued at $870,211. 23.70% of the stock is currently owned by company insiders.

Hyatt Hotels Stock Down 2.2%

H stock traded down $3.0690 on Wednesday, reaching $136.9510. 407,675 shares of the company traded hands, compared to its average volume of 955,532. The firm has a fifty day simple moving average of $141.68 and a 200-day simple moving average of $133.33. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The company has a market cap of $13.08 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 2.20 and a beta of 1.46.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $1.53 EPS. Research analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

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

Hyatt Hotels Company 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.