Hyatt Hotels Corporation (NYSE:H) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 13.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,672 shares of the company's stock after selling 34,891 shares during the quarter. Deutsche Bank AG owned approximately 0.23% of Hyatt Hotels worth $27,032,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels during the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in shares of Hyatt Hotels during the 1st quarter valued at approximately $31,000. UMB Bank n.a. boosted its position in shares of Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after acquiring an additional 290 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of Hyatt Hotels by 20.6% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company's stock valued at $290,000 after acquiring an additional 316 shares during the last quarter. Finally, Flynn Zito Capital Management LLC boosted its position in shares of 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 acquiring an additional 223 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on H shares. Wall Street Zen upgraded Hyatt Hotels from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Truist Financial lowered their price target on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Robert W. Baird raised their price target on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Macquarie lowered their price target on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $152.26.

Insider Transactions at Hyatt Hotels

In related news, major shareholder Hotels Corp Hyatt bought 996,587 shares of the business's stock in a transaction on Friday, June 13th. The shares were bought 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 directly owned 117,077,441 shares of the company's stock, 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 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 dated Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total value of $521,510.73. Following the sale, the insider owned 16,756 shares in the company, valued at $2,245,806.68. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,491 shares of company stock worth $870,211. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Trading Down 1.2%

H stock traded down $1.68 during midday trading on Friday, reaching $141.24. The company's stock had a trading volume of 1,018,125 shares, compared to its average volume of 956,640. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.19 and a beta of 1.46. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.70. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The stock has a fifty day simple moving average of $141.27 and a two-hundred day simple moving average of $133.87.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $1.53 earnings per share. On average, equities research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

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