Harvest Portfolios Group Inc. Lowers Stock Holdings in Hyatt Hotels Corporation $H

Key Points

• Harvest Portfolios Group Inc. has reduced its stake in Hyatt Hotels Corporation by 12.1%, now holding 12,846 shares valued at approximately $1.57 million.
• Several institutional investors have increased their stakes in Hyatt, including Principal Financial Group, which boosted its holdings by 16.4%, now owning over 3.1 million shares valued at about $384 million.
• Hyatt Hotels recently announced a quarterly dividend of $0.15 per share, reflecting an annual yield of 0.4% and a payout ratio of 14.25%.

Harvest Portfolios Group Inc. reduced its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 12.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,846 shares of the company's stock after selling 1,768 shares during the period. Harvest Portfolios Group Inc.'s holdings in Hyatt Hotels were worth $1,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Long Pond Capital LP acquired a new stake in Hyatt Hotels during the 1st quarter worth about $191,922,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Hyatt Hotels during the 1st quarter valued at about $2,023,000. AlphaQuest LLC grew its position in shares of Hyatt Hotels by 211.1% during the 1st quarter. AlphaQuest LLC now owns 3,886 shares of the company's stock valued at $476,000 after acquiring an additional 2,637 shares during the period. Senator Investment Group LP acquired a new stake in shares of Hyatt Hotels during the 1st quarter valued at about $24,500,000. Finally, Wellington Management Group LLP grew its position in shares of Hyatt Hotels by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company's stock valued at $220,578,000 after acquiring an additional 116,813 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently 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 report on Tuesday, July 1st. Robert W. Baird raised their target price on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen cut Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Finally, Barclays decreased their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hyatt Hotels presently has an average rating of "Moderate Buy" and a consensus target price of $150.83.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction 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 transaction, the director owned 498 shares of the company's stock, valued at $66,084.60. This represents a 66.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total value of $216,000.00. Following the completion of the transaction, the director directly owned 37,825 shares in the company, valued at $5,106,375. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,491 shares of company stock worth $870,211. 23.70% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Down 0.9%

NYSE:H traded down $1.28 during trading hours on Friday, hitting $144.12. The company's stock had a trading volume of 685,727 shares, compared to its average volume of 1,062,555. The stock has a market capitalization of $13.76 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 2.26 and a beta of 1.46. The stock has a fifty day moving average of $143.13 and a 200-day moving average of $132.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted 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. 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 in the prior year, the company posted $1.53 earnings per share. On average, equities analysts forecast 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. Investors of record on Wednesday, August 27th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Hyatt Hotels's dividend payout ratio is 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.