Vanguard Group Inc. Purchases 21,190 Shares of Hyatt Hotels Corporation (NYSE:H)

Vanguard Group Inc. boosted its position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,920,488 shares of the company's stock after purchasing an additional 21,190 shares during the period. Vanguard Group Inc. owned about 4.08% of Hyatt Hotels worth $480,260,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new position in Hyatt Hotels in the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in Hyatt Hotels in the 1st quarter worth about $31,000. UMB Bank n.a. grew its stake in 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 acquiring an additional 290 shares in the last quarter. Flynn Zito Capital Management LLC grew its stake in Hyatt Hotels by 13.2% in the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after acquiring an additional 223 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake 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 worth $256,000 after acquiring an additional 110 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Performance

NYSE:H opened at $143.19 on Friday. The company's 50-day moving average price is $141.27 and its 200-day moving average price is $133.87. The company has a current ratio of 0.70, a quick ratio of 0.98 and a debt-to-equity ratio of 1.45. The company has a market cap of $13.67 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.19 and a beta of 1.46. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the firm posted $1.53 earnings per share. On average, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Insider Activity

In other news, Director Cary D. Mcmillan sold 1,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following the sale, the director directly owned 498 shares of the company's stock, valued at approximately $66,084.60. The trade was a 66.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Udell sold 3,891 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total transaction of $521,510.73. Following the completion of the sale, the insider directly owned 16,756 shares in the company, valued at $2,245,806.68. This trade represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,491 shares of company stock valued at $870,211 over the last three months. 23.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. Evercore ISI dropped their price objective on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group increased their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research note on Friday, May 2nd. Finally, Macquarie decreased their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $152.26.

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.

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