Hyatt Hotels Co. (NYSE:H) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 45.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,059 shares of the company's stock after selling 108,952 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Hyatt Hotels worth $20,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in H. Truist Financial Corp acquired a new stake in Hyatt Hotels during the fourth quarter valued at $307,000. Massachusetts Financial Services Co. MA grew its position in Hyatt Hotels by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock valued at $447,376,000 after buying an additional 9,477 shares during the period. Principal Financial Group Inc. grew its position in Hyatt Hotels by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock valued at $422,960,000 after buying an additional 46,413 shares during the period. Proficio Capital Partners LLC acquired a new stake in Hyatt Hotels during the fourth quarter valued at $7,072,000. Finally, SG Americas Securities LLC grew its position in Hyatt Hotels by 474.0% during the fourth quarter. SG Americas Securities LLC now owns 5,120 shares of the company's stock valued at $804,000 after buying an additional 4,228 shares during the period. Institutional investors and hedge funds own 73.54% of the company's stock.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction dated Friday, March 21st. The shares were 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 directly owns 9,337 shares in the company, valued at $1,090,561.60. This trade represents a 51.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 377,220 shares of company stock valued at $49,921,103 over the last ninety days. Company insiders own 23.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on H shares. Morgan Stanley dropped their price target on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial dropped their price target on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday. The Goldman Sachs Group raised their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Finally, Evercore ISI decreased their price objective on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $149.72.

Hyatt Hotels Trading Up 0.7%

H stock traded up $0.91 during trading on Friday, reaching $132.35. 1,419,482 shares of the stock were exchanged, compared to its average volume of 704,974. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $120.16 and a 200-day moving average price of $139.64. Hyatt Hotels Co. has a 1 year low of $102.43 and a 1 year high of $168.20. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 10.64 and a beta of 1.36.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, research analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, May 29th. Hyatt Hotels's dividend payout ratio (DPR) is presently 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.