New England Research & Management Inc. Increases Holdings in Hyatt Hotels Corporation (NYSE:H)

New England Research & Management Inc. raised its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 116.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,624 shares of the company's stock after buying an additional 14,349 shares during the quarter. Hyatt Hotels comprises 1.7% of New England Research & Management Inc.'s holdings, making the stock its 14th largest position. New England Research & Management Inc.'s holdings in Hyatt Hotels were worth $3,261,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Truist Financial Corp acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at $307,000. Massachusetts Financial Services Co. MA grew its stake in 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 valued at $447,376,000 after purchasing an additional 9,477 shares during the last quarter. Principal Financial Group Inc. grew its stake in Hyatt Hotels by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock valued at $422,960,000 after purchasing an additional 46,413 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at about $7,072,000. Finally, OFI Invest Asset Management purchased a new position in shares of Hyatt Hotels in the fourth quarter worth about $4,502,000. Institutional investors and hedge funds own 73.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on H. Barclays upped their target price on Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Evercore ISI dropped their price objective on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Robert W. Baird raised their target price on shares of Hyatt Hotels from $142.00 to $146.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. The Goldman Sachs Group boosted their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. Finally, Macquarie cut their price target on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $149.72.

Hyatt Hotels Price Performance

H traded down $0.77 during trading on Tuesday, hitting $133.90. The company's stock had a trading volume of 877,243 shares, compared to its average volume of 721,118. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 4.43 and a beta of 1.42. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The business's fifty day simple moving average is $124.04 and its 200 day simple moving average is $137.84. 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 released its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. During the same quarter last year, the company earned $0.71 EPS. On average, equities research analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.45%. Hyatt Hotels's dividend payout ratio (DPR) is presently 7.79%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, major shareholder Hotels Corp Hyatt bought 996,587 shares of the company's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $13.50 per share, with a total value of $13,453,924.50. Following the completion of the acquisition, the insider now directly owns 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. This 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 through this hyperlink. Also, insider Kinsey Wolf sold 1,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the transaction, the insider now directly owns 811 shares in the company, valued at approximately $99,712.45. This represents a 55.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 381,111 shares of company stock valued at $50,431,766. 23.70% of the stock is owned by corporate insiders.

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.