Mediolanum International Funds Ltd Boosts Stake in Hyatt Hotels Corporation (NYSE:H)

Mediolanum International Funds Ltd increased its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 188.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,935 shares of the company's stock after buying an additional 3,879 shares during the period. Mediolanum International Funds Ltd's holdings in Hyatt Hotels were worth $722,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in H. LPL Financial LLC lifted its position in shares of Hyatt Hotels by 11.4% in the fourth quarter. LPL Financial LLC now owns 10,509 shares of the company's stock worth $1,650,000 after buying an additional 1,076 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Hyatt Hotels by 16.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 23,189 shares of the company's stock worth $3,640,000 after buying an additional 3,314 shares in the last quarter. Norges Bank purchased a new stake in shares of Hyatt Hotels in the fourth quarter worth about $61,572,000. Pictet Asset Management Holding SA lifted its position in shares of Hyatt Hotels by 1.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 18,320 shares of the company's stock worth $2,876,000 after buying an additional 339 shares in the last quarter. Finally, Allstate Corp purchased a new stake in shares of Hyatt Hotels in the fourth quarter worth about $221,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Down 0.6%

Shares of NYSE H opened at $147.92 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.73 and a beta of 1.42. The stock has a 50 day moving average price of $138.74 and a 200 day moving average price of $134.95. 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 announced 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 during 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 previous year, the business earned $0.71 earnings per share. Sell-side analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. Hyatt Hotels's payout ratio is 7.79%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on H shares. Morgan Stanley reduced their price objective 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. 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. Macquarie reduced their price objective on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Finally, Stifel Nicolaus reduced their price objective on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.74.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 3,891 shares of the company's 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 in the company, valued at $2,245,806.68. This represents a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the sale, the director owned 37,825 shares of the company's stock, valued at approximately $5,106,375. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 371,111 shares of company stock valued at $49,273,516 over the last 90 days. Insiders own 23.70% of the company's stock.

Hyatt Hotels Company 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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