New England Research & Management Inc. Has $3.25 Million Stake in 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. decreased its position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 12.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,271 shares of the company's stock after selling 3,353 shares during the quarter. Hyatt Hotels comprises approximately 1.5% of New England Research & Management Inc.'s investment portfolio, making the stock its 17th biggest holding. New England Research & Management Inc.'s holdings in Hyatt Hotels were worth $3,250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after buying an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in 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 in the last quarter. Snowden Capital Advisors LLC lifted its stake in Hyatt Hotels by 2.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company's stock valued at $789,000 after buying an additional 116 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Hyatt Hotels by 0.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 12,969 shares of the company's stock valued at $1,587,000 after buying an additional 121 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Hyatt Hotels by 3.5% in the first quarter. Advisors Asset Management Inc. now owns 4,523 shares of the company's stock valued at $554,000 after buying an additional 154 shares in the last quarter. Institutional investors own 73.54% of the company's stock.

Wall Street Analyst Weigh In

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

Hyatt Hotels Stock Performance

Shares of H traded up $0.22 during trading hours on Friday, hitting $142.98. The company had a trading volume of 766,083 shares, compared to its average volume of 937,562. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.22 and a beta of 1.43. The business has a fifty day moving average of $143.29 and a 200-day moving average of $132.47. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H - Get Free Report) last issued 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 company had revenue of $1.81 billion for 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 prior year, the firm earned $1.53 earnings per share. Equities analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Insider Activity at Hyatt Hotels

In related 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 value of $587,395.00. Following the transaction, the insider directly owned 16,756 shares in the company, valued at approximately $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 23.70% of the company's stock.

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.