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Hyatt Hotels Corporation $H Position Boosted by Wellington Management Group LLP

Hyatt Hotels logo with Consumer Discretionary background

Key Points

  • Wellington Management Group LLP increased its stake in Hyatt Hotels Corporation by 6.9% in the first quarter, now owning 1.8 million shares valued at approximately $220.58 million.
  • Institutional investors and hedge funds collectively own 73.54% of Hyatt Hotels’ shares, highlighting significant interest in the company.
  • Hyatt recently announced a quarterly dividend of $0.15 per share, representing a 0.4% dividend yield with a payout ratio of 14.25%.
  • Want stock alerts on Hyatt Hotels? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Wellington Management Group LLP boosted its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,800,639 shares of the company's stock after purchasing an additional 116,813 shares during the period. Wellington Management Group LLP owned approximately 1.87% of Hyatt Hotels worth $220,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in H. Bernard Wealth Management Corp. acquired a new position in Hyatt Hotels in the fourth quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Hyatt Hotels in the 1st quarter worth about $31,000. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 290 shares in the last quarter. Flynn Zito Capital Management LLC grew its holdings in shares of Hyatt Hotels by 13.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after purchasing an additional 223 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings 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 during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on H. Evercore ISI decreased their price objective on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Macquarie lowered their price target on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group boosted their price objective on Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Robert W. Baird increased their target price on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Barclays dropped their target price on 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 investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $152.26.

Check Out Our Latest Report on H

Hyatt Hotels Stock Up 5.3%

Shares of Hyatt Hotels stock traded up $7.1840 on Friday, hitting $144.0140. 975,320 shares of the company's stock traded hands, compared to its average volume of 1,028,760. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week 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. The stock has a market cap of $13.75 billion, a P/E ratio of 34.21, a PEG ratio of 2.25 and a beta of 1.46. The firm's 50-day moving average is $142.06 and its 200 day moving average is $132.94.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate 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 posted $1.53 EPS. 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 will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels's payout ratio is 14.25%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total value of $216,000.00. Following the completion of the transaction, the director owned 37,825 shares in the company, valued at $5,106,375. This represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of Hyatt Hotels stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the completion of the purchase, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This trade represents a 0.86% increase in their position. The disclosure for this purchase can be found here. Insiders sold 6,491 shares of company stock worth $870,211 in the last quarter. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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