Wealth Enhancement Advisory Services LLC Acquires New Position in Hyatt Hotels Corporation $H

Key Points

• Wealth Enhancement Advisory Services LLC has acquired a new stake in Hyatt Hotels Corporation, purchasing 2,089 shares valued at approximately $308,000.
• Insider David Udell sold 4,051 shares of Hyatt's stock for a total of $587,395, resulting in a 19.47% decrease in his ownership.
• Analyst ratings for Hyatt Hotels vary, with recent upgrades from Citigroup and Truist Financial, and an average target price of $152.68, indicating a general outlook of a "Moderate Buy."

Wealth Enhancement Advisory Services LLC acquired a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,089 shares of the company's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in Hyatt Hotels in the 1st quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB raised its stake in Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the period. UMB Bank n.a. raised 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 valued at $61,000 after acquiring an additional 290 shares during the period. Harold Davidson & Associates Inc. bought a new stake in Hyatt Hotels in the 1st quarter valued at about $203,000. Finally, Flynn Zito Capital Management LLC grew its holdings in Hyatt Hotels by 13.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after buying an additional 223 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on H. Citigroup raised shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and increased their price target for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Truist Financial increased their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Barclays lowered their price target 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. Weiss Ratings reissued a "hold (c)" rating on shares of Hyatt Hotels in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.68.

Hyatt Hotels Stock Up 0.3%

Shares of H opened at $145.18 on Thursday. The firm has a market cap of $13.86 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.28 and a beta of 1.41. The stock has a 50 day simple moving average of $141.99 and a two-hundred day simple moving average of $133.91. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping 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 return on equity of 6.54% and a net margin of 6.39%.During the same quarter in the prior year, the firm earned $1.53 earnings per share. On average, analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

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.

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