Institute for Wealth Management LLC. Has $1.63 Million Stock Holdings in Hyatt Hotels Corporation (NYSE:H)

Institute for Wealth Management LLC. grew its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 21.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,323 shares of the company's stock after buying an additional 2,372 shares during the period. Institute for Wealth Management LLC.'s holdings in Hyatt Hotels were worth $1,632,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in Hyatt Hotels in the fourth quarter valued at about $26,000. Venturi Wealth Management LLC lifted its holdings in shares of Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. UMB Bank n.a. grew its position in shares of Hyatt Hotels by 138.8% in the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after purchasing an additional 290 shares during the period. SBI Securities Co. Ltd. bought a new stake in Hyatt Hotels during the 4th quarter worth approximately $88,000. Finally, Blue Trust Inc. raised its holdings in Hyatt Hotels by 78.8% during the 4th quarter. Blue Trust Inc. now owns 581 shares of the company's stock worth $88,000 after buying an additional 256 shares during the period. Institutional investors own 73.54% of the company's stock.

Hyatt Hotels Stock Down 1.0%

Shares of H stock opened at $132.67 on Thursday. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 4.41 and a beta of 1.42. The firm's 50-day moving average is $124.31 and its 200-day moving average is $137.80. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.16. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. During the same quarter in the prior year, the company earned $0.71 earnings per share. Sell-side analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders 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 dividend on an annualized basis and a yield of 0.45%. Hyatt Hotels's dividend payout ratio (DPR) is 7.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on H shares. Evercore ISI lowered their price objective on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. The Goldman Sachs Group boosted their price target on Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a report on Friday, May 2nd. Barclays increased their price objective on Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Susquehanna boosted their target price on Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $149.72.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the sale, the insider now owns 9,337 shares of the company's stock, valued at approximately $1,090,561.60. This trade represents a 51.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was acquired 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 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 position. The disclosure for this purchase can be found here. Insiders have sold a total of 380,111 shares of company stock worth $50,308,816 over the last ninety days. 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.

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