Hotels Corp Hyatt Acquires 996,587 Shares of Hyatt Hotels Co. (NYSE:H) Stock

Hyatt Hotels Co. (NYSE:H - Get Free Report) major shareholder Hotels Corp Hyatt acquired 996,587 shares of the company's stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the acquisition, the insider now owns 117,077,441 shares of the company's stock, valued at approximately $1,580,545,453.50. The trade was a 0.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Hotels Corp Hyatt also recently made the following trade(s):

• On Thursday, June 12th, Hotels Corp Hyatt acquired 6 shares of Hyatt Hotels stock. The stock was purchased at an average price of $13.50 per share, with a total value of $81.00.

Hyatt Hotels Trading Up 3.1%

H traded up $4.03 during midday trading on Monday, reaching $134.59. 1,165,197 shares of the company's stock traded hands, compared to its average volume of 933,732. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 10.82 and a beta of 1.42. Hyatt Hotels Co. has a 52 week low of $102.43 and a 52 week high of $168.20. The firm has a fifty day moving average of $123.14 and a two-hundred day moving average of $138.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business 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 company posted $0.71 earnings per share. On average, equities analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. Hyatt Hotels's dividend payout ratio is currently 7.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays lifted their target price on shares of Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $142.00 to $146.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Susquehanna boosted their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Macquarie cut their target price on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Evercore ISI dropped their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $149.72.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently made changes to their positions in H. Bernard Wealth Management Corp. acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Hyatt Hotels in the 1st quarter valued at approximately $31,000. Venturi Wealth Management LLC lifted its position in Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock valued at $53,000 after buying an additional 300 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after buying an additional 290 shares during the period. Finally, Blue Trust Inc. increased its stake in Hyatt Hotels by 78.8% during the 4th quarter. Blue Trust Inc. now owns 581 shares of the company's stock worth $88,000 after buying an additional 256 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Company 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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