Hyatt Hotels Corporation (NYSE:H) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 69.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,919 shares of the company's stock after selling 4,337 shares during the period. Vontobel Holding Ltd.'s holdings in Hyatt Hotels were worth $235,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in Hyatt Hotels by 127.9% during the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock worth $1,346,000 after buying an additional 6,170 shares in the last quarter. TT International Asset Management LTD boosted its stake in shares of Hyatt Hotels by 10.0% during the 1st quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock valued at $4,535,000 after purchasing an additional 3,360 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Hyatt Hotels in the first quarter worth $488,000. Massachusetts Financial Services Co. MA increased its stake in shares of 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 purchasing an additional 9,477 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new position in shares of Hyatt Hotels in the 1st quarter worth about $490,000. Institutional investors own 73.54% of the company's stock.

Insider Activity

In related news, insider David Udell sold 3,891 shares of the company's stock in a transaction dated 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 transaction, the insider owned 16,756 shares in the company, valued at $2,245,806.68. This represents a 18.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the transaction, the director directly owned 498 shares in the company, valued at $66,084.60. This trade represents a 66.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 371,111 shares of company stock worth $49,273,516. 23.70% of the stock is currently owned by insiders.

Hyatt Hotels Price Performance

NYSE:H traded up $5.12 during mid-day trading on Thursday, reaching $152.25. The stock had a trading volume of 1,185,659 shares, compared to its average volume of 763,709. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $14.53 billion, a PE ratio of 19.77, a P/E/G ratio of 4.74 and a beta of 1.42. The stock has a 50-day simple moving average of $134.30 and a two-hundred day simple moving average of $135.88.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm posted $0.71 EPS. On average, equities analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels's dividend payout ratio is presently 7.79%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on H shares. Truist Financial lowered their price objective on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group lifted their price target 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. Melius Research raised Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Macquarie dropped their price objective on shares of Hyatt Hotels from $155.00 to $150.00 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 assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $150.63.

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.