New England Research & Management Inc. Sells 3,353 Shares of Hyatt Hotels Corporation $H

Key Points

• New England Research & Management Inc. reduced its holdings in Hyatt Hotels Corporation by 12.6%, selling 3,353 shares to end with 23,271 shares worth approximately $3.25 million.
• Hyatt Hotels reported earnings of $0.68 per share, exceeding analysts' expectations of $0.62, alongside a revenue of $1.81 billion during the last quarter.
• The company recently announced a quarterly dividend of $0.15 per share, reflecting an annualized yield of 0.4% and a dividend payout ratio of 14.25%.

New England Research & Management Inc. lessened its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,271 shares of the company's stock after selling 3,353 shares during the quarter. Hyatt Hotels accounts for approximately 1.5% of New England Research & Management Inc.'s investment portfolio, making the stock its 17th biggest position. New England Research & Management Inc.'s holdings in Hyatt Hotels were worth $3,250,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Hyatt Hotels by 5.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the period. Snowden Capital Advisors LLC lifted its position in shares of Hyatt Hotels by 2.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company's stock valued at $789,000 after acquiring an additional 116 shares during the period. Resona Asset Management Co. Ltd. lifted its position in shares of Hyatt Hotels by 0.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 12,969 shares of the company's stock valued at $1,587,000 after acquiring an additional 121 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Hyatt Hotels by 3.5% during the 1st quarter. Advisors Asset Management Inc. now owns 4,523 shares of the company's stock valued at $554,000 after acquiring an additional 154 shares during the period. Institutional investors own 73.54% of the company's stock.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the transaction, the insider directly owned 16,756 shares of the company's stock, valued at approximately $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 23.70% of the company's stock.

Hyatt Hotels Price Performance

Shares of H stock traded up $0.22 during trading hours on Friday, reaching $142.98. The stock had a trading volume of 766,084 shares, compared to its average volume of 725,110. The stock's fifty day simple moving average is $143.14 and its 200 day simple moving average is $132.51. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The firm has a market capitalization of $13.65 billion, a PE ratio of 33.96, a PEG ratio of 2.25 and a beta of 1.43.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same period in the previous year, the business posted $1.53 earnings per share. On average, equities research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Hyatt Hotels's dividend payout ratio is currently 14.25%.

Analyst Ratings Changes

Several research firms have weighed in on H. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Barclays dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Robert W. Baird upped their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price for the company in a report on Tuesday, July 1st. Finally, Citigroup raised shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and increased their price objective for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of "Moderate Buy" and an average price target of $152.68.

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.