Hyatt Hotels Corporation (NYSE:H) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 11.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,062 shares of the company's stock after selling 12,576 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of Hyatt Hotels worth $12,258,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in H. State of Alaska Department of Revenue grew its position in shares of Hyatt Hotels by 127.9% during the 1st quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock worth $1,346,000 after buying an additional 6,170 shares during the period. TT International Asset Management LTD grew its position in shares of Hyatt Hotels by 10.0% during the 1st quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock worth $4,535,000 after buying an additional 3,360 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Hyatt Hotels during the 1st quarter worth about $488,000. Massachusetts Financial Services Co. MA grew its position in shares of Hyatt Hotels by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock worth $447,376,000 after buying an additional 9,477 shares during the period. Finally, U S Global Investors Inc. acquired a new position in shares of Hyatt Hotels during the 1st quarter worth about $490,000. 73.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a research note on Tuesday, July 1st. Macquarie decreased their target price on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Robert W. Baird upped their price objective on Hyatt Hotels from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Finally, Morgan Stanley dropped their price objective on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.63.

Hyatt Hotels Stock Performance

NYSE H traded up $0.45 on Friday, reaching $147.86. 586,458 shares of the stock were exchanged, compared to its average volume of 774,182. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The firm has a market capitalization of $14.11 billion, a PE ratio of 19.20, a PEG ratio of 4.89 and a beta of 1.42. The company's 50-day simple moving average is $137.25 and its two-hundred day simple moving average is $135.33. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the firm earned $0.71 earnings per share. Analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels's dividend payout ratio (DPR) is 7.79%.

Insider Buying and Selling

In other news, insider David Udell sold 3,891 shares of the company's 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 transaction, the insider directly owned 16,756 shares of the company's stock, valued at approximately $2,245,806.68. This represents a 18.85% decrease in their ownership of the stock. 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 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 $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 371,111 shares of company stock valued at $49,273,516 over the last ninety days. Company insiders own 23.70% of the company's stock.

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.