Paloma Partners Management Co Reduces Stock Position in Hyatt Hotels Corporation $H

Key Points

• Paloma Partners Management Co has reduced its stake in Hyatt Hotels Corporation by 70%, holding 7,500 shares worth approximately $919,000 after selling 17,500 shares in the 1st quarter.
• Hyatt Hotels recently announced a quarterly dividend of $0.15 per share, reflecting a 0.4% dividend yield, with an ex-dividend date of August 27th.
• Several analysts have provided varying ratings, with Truist Financial downgrading their price target from $156 to $140, while Raymond James Financial raised its rating to a "strong buy" with a target price of $165.

Paloma Partners Management Co reduced its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 70.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,500 shares of the company's stock after selling 17,500 shares during the quarter. Paloma Partners Management Co's holdings in Hyatt Hotels were worth $919,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bernard Wealth Management Corp. purchased a new stake in shares of Hyatt Hotels during the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Hyatt Hotels during the first quarter worth approximately $31,000. UMB Bank n.a. raised its stake in shares of Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after purchasing an additional 290 shares during the last quarter. Flynn Zito Capital Management LLC raised its stake in shares of Hyatt Hotels by 13.2% during the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after purchasing an additional 223 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Hyatt Hotels by 5.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock worth $256,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Truist Financial increased their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays lowered their target price on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective on the stock in a research note on Tuesday, July 1st. Finally, Robert W. Baird increased their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.89.

Hyatt Hotels Trading Up 1.3%

NYSE:H traded up $1.81 during mid-day trading on Thursday, reaching $145.25. The company's stock had a trading volume of 807,205 shares, compared to its average volume of 950,880. The company's fifty day simple moving average is $143.62 and its two-hundred day simple moving average is $132.34. 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 twelve month low of $102.43 and a twelve month high of $168.20. The stock has a market cap of $13.87 billion, a P/E ratio of 34.50, a P/E/G ratio of 2.26 and a beta of 1.43.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. The business 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 period in the previous year, the company posted $1.53 EPS. On average, equities analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Hyatt Hotels's payout ratio is currently 14.25%.

Insider Transactions at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,000 shares of Hyatt Hotels stock in a transaction dated 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 directly owned 498 shares of the company's stock, valued at $66,084.60. The trade was a 66.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Hotels Corp Hyatt acquired 996,587 shares of Hyatt Hotels stock in a transaction dated 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 purchase, the insider directly owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 10,542 shares of company stock valued at $1,457,606. 23.70% of the stock is currently owned by company insiders.

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.