3,986 Shares in Hyatt Hotels Corporation (NYSE:H) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,986 shares of the company's stock, valued at approximately $488,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New England Research & Management Inc. increased its position in Hyatt Hotels by 116.9% during the first quarter. New England Research & Management Inc. now owns 26,624 shares of the company's stock worth $3,261,000 after buying an additional 14,349 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Hyatt Hotels by 457.6% during the 1st quarter. SG Americas Securities LLC now owns 28,547 shares of the company's stock worth $3,497,000 after buying an additional 23,427 shares during the last quarter. UMB Bank n.a. raised its holdings 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 worth $61,000 after purchasing an additional 290 shares during the period. Procyon Advisors LLC raised its holdings in Hyatt Hotels by 8.1% in the first quarter. Procyon Advisors LLC now owns 3,560 shares of the company's stock valued at $436,000 after buying an additional 267 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Hyatt Hotels by 38.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,295 shares of the company's stock valued at $281,000 after acquiring an additional 635 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Insider Activity at Hyatt Hotels

In related news, insider David Udell sold 3,891 shares of Hyatt Hotels 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 completion of the sale, the insider owned 16,756 shares of the company's stock, valued at approximately $2,245,806.68. This trade represents a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $7,083,672.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 371,111 shares of company stock worth $49,273,516. 23.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on H. Robert W. Baird boosted their price target on Hyatt Hotels from $146.00 to $148.00 and gave the stock a "neutral" rating in a research report on Tuesday. Barclays boosted their price objective on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley cut their target price on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial reduced their price objective on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Jefferies Financial Group decreased their target price on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of "Hold" and a consensus target price of $150.63.

Hyatt Hotels Stock Up 1.4%

Shares of Hyatt Hotels stock traded up $1.97 during midday trading on Friday, hitting $147.36. The company's stock had a trading volume of 635,156 shares, compared to its average volume of 754,285. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $14.07 billion, a P/E ratio of 19.14, a PEG ratio of 4.69 and a beta of 1.42. The stock has a 50-day simple moving average of $130.93 and a 200-day simple moving average of $136.18.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.16. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations 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 previous year, the business posted $0.71 EPS. As a group, sell-side analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were given a $0.15 dividend. 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 0.41%. Hyatt Hotels's payout ratio is 7.79%.

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.